If a company has advance ticket sales totaling $2,000,000 for the upcoming football season, the receipt of
Question:
1) Debit Unearned Revenue, credit Cash.
2) Debit Unearned Revenue, credit Sales.
3) Debit Cash, credit Revenue.
4) Debit Cash, credit Unearned Revenue.
5) Debit Sales, credit Unearned Revenue.
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Related Book For 
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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