Ticketsales, Incorporated, receives $7,720,000 cash in advance ticket sales for a four-date tour of Bon Jovl. 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. Journal entry worksheet Record the cash recelpt in advance of concerts. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits