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Help Ticketsales, Inc., receives $5,360,000 cash in advance ticket sales for a four-date tour of...

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Accounting

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Help Ticketsales, Inc., receives $5,360,000 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 list Journal entry worksheet 2 Record the concert revenues earned. Note: Enter debita before credits Date General Journal Nov 05 Uneamed ticket revenue Debit Credit Record any Clear only Viewonera ornal 1 of 4 Next >

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