The Timmins Rock received $75,000 in advance ticket sales at the beginning of November for their upcoming hockey season. The season lasts for 5 months and concludes the end of March month has an equal number of games played.

What is the journal entry to record the receipt of $75,000 at the start of November? (2.5 marks)

What is the journal entry at the end of November and December? (5 marks)

What is the ending balance in the unearned revenue account at December 31? (1 mark)