Ticketsales, Incorporated, receives $4,720,000 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, Incorporated initially records prepaid and unearned items in balance sheet accounts. View transaction list Journal entry worksheet Record the cash receipt in advance of concerts. Note: Enter debits before credits. Date General Journal Debit Credit October 31 Journal entry worksheet