Tickets, Inc., receives $7,500,000 cash in advance ticket sales for a five-date tour of Bruce Springsteen. Record

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Tickets, Inc., receives $7,500,000 cash in advance ticket sales for a five-date tour of Bruce Springsteen. Record the advance ticket sales on October 31. Record the revenue earned for the first concert date of November 5, assuming it represents one-fifth of the advance ticket sales.
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