The Robert Dowdle Goals, a soccer team, prepares financial statements on a monthly soccer season begins in July, the team engaged in the following transactions: Paid 1,200,000 to the municipal stadium as advance rent for use of the facilities for the three month period from July 1 through September 30 on June 15. This payment was initially recorded as prepaid Rent. Collected $5,000,000 cash from the sale of season tickets for the team's home games on June 25. The entire amount was initially recorded as Unearned Revenue. During the month of July, the Philly Goals played several home games at which $200,000 of the season tickets sold were used by fans. June 15 (paid for rent of stadium) June 25 (collected ticket sale cash) July 31 (convert prepaid rent to expense) July 31 (convert unearned revenue to revenue)