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On March 17, 2021, Jesica's festival company sold $40,000 of advance tickets for a jam...

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Accounting

On March 17, 2021, Jesica's festival company sold $40,000 of advance tickets for a jam festival for cash. On April 10, $10,000 tickets are redeemed.

Record the journal entry on April 10, 2021.

Debit = Ticket sales revenue 10,000, Unearned ticket sales 10,000, Cash 10,000, Ticket sales revenue 40,000, or Unearned ticket sales 40,000

Credit = Ticket sales revenue 10,000, Unearned ticket sales 10,000, Cash 10,000, Ticket sales revenue 40,000, or Unearned ticket sales 40,000

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