Question: Collected $ 4 , 6 8 0 , 0 0 0 cash from the sale of season tickets for the teams home games. The entire

Collected $

4, 680, 000

cash from the sale of season tickets for the teams home games. The entire amount was initially recorded as Unearned Ticket Revenue. During the month of February, the team skated several home events at which $

234, 000

of the season tickets sold in January were used by fans.Prepare the two adjusting entries required at the end of February.

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