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please make journal entries for these two questions Ticketsales, Incorporated,...

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Accounting

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Ticketsales, Incorporated, recelves $6,360,000 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, Incorporated initially records prepaid and unearned items in balance sheet accounts. On March 1, LGE asks to extend its past-due $9,200 account payable to Tyson. Tyson agrees to accept $2,200 cash and a 180day. 8%,$7,000 note payable to replace the account payable. Note: Use 360 days a year. (1) Prepare the March 1 entry for LGE. (2) Prepare the August 28 entry for LGE when it pays the note and interest to Tyson. 1 Record LGE's entry to extend its past-due $9,200 account payable by paying cash of $2,200 and issuing a 180 -day, 8%,57,000 note payable. 2 Record LGE's entry for poyment of the note and interest to Tyson. Note : = journal entry has been entered

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