Ticketsales, Inc., receives $7720,000 cash in advance ticket sales for a four-date tour of Bon Jovi, Record the advance ticket sales on October 31. Record the revenue earned for the first concert date of November 5, assuming it represents one-fourth of the advance ticket sales. Ticketsales. Inc. Initially records prepaid and unearned items in balance sheet accounts. View transaction fist Journal entry worksheet 2 1 > Record the cash receipt in advance of concerts. Note: Enter debits before credits General Journal Date Oct 31 Debit Credit Record entry Clear entry View general Journal