Ticketsales, Inc., receives $7160,000 cash in advance ticket sales for a four-date tour of Bon Jovi Record the advance t

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Ticketsales Inc Receives 7160 000 Cash In Advance Ticket Sales For A Four Date Tour Of Bon Jovi Record The Advance T 1 (35.86 KiB) Viewed 9 times

Ticketsales, Inc., receives $7160,000 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 1 Record the cash receipt in advance of concerts. 2 Record the concert revenues earned. EX " / Credit