On December 3, the Celtics sold a six-game pack of advance tickets for $3,060 cash. On December 20, the Celtics played the first game of the six-game pack (this represented one-sixth of the advance ticket sales). Record the entry for the December 20 transaction:

Question

Answer

Debit Prepaid Subscriptions $510, credit Ticket Revenue $510.

Answer

Debit Cash $510, credit Ticket Revenue $510.

Answer

Debit Unearned Revenue $510; credit Cash $510.

Answer

Debit Prepaid Tickets $510; credit Unearned Revenue $510.

Answer

Debit Unearned Revenue $510, credit Ticket Revenue $510.

Crowdly

On December 3, the Celtics sold a six-game pack of advance tickets for $3,060 ca...

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