Ticketsales, Incorporated, receives $7,120,000 cash in advance ticket sales for a four-dote tour of Bon Jovi. Record the advance ticket sales on October 31. Record the revenue earned for the first concent date of November 5 , assuming it represents one-fourth of the advance ticket sales, Ticketsales, Incorporated initially records prepald and unearned items in balance sheet accounts. Journal entry worksheet 2 Record the cash receipt in advance of cancerts. hoset finter detits before credits