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Ticketsales, Inc., receives $5.680,000 cash in advance ticket sales for a four-date tour of Bon...

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Accounting

Ticketsales, Inc., receives $5.680,000 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 sicket sales. Ticketsales, Inc. initially records prepaid and uneamed tems in balance sheet accounts Journal entry worksheet Record the cash receipt in advance of concerts

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