Help Save& Exit Submit Check my work QS 9-3 Unearned revenue LO C2 Ticketsales, Inc., receives $5,000,000 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 Journal entry worksheet 2 Record the cash receipt in advance of concerts. Note: Enter debits before credits. Debit Credit Date Oct 31 Prev 2 of 9l Next >