Ticketsales, Incorporated, receives $ cash in advance ticket sales for a fourdate tour of Bon Jovi. Record the advance ticket sales on October Record the revenue earned for the first concert date of November assuming it represents onefourth of the advance ticket sales. Ticketsales, Incorporated initially records prepaid and unearned items in balance sheet accounts.
Journal entry worksheet
Record the cash receipt in advance of concerts.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditOctober
