Based on the fact that the amount received from tickets for the upcoming Skins Game in 2025 was left in the Unearned Sales Revenue account, the journal entry is:
Date Account Title Debit Credit
2025 Cash $44,000
Unearned sales revenue $44,000
This is revenue that a company has received but which they have not provided either the goods or services for.
For instance, pre-orders for goods and services.
The tickets sold were for upcoming games so the service of playing the game was yet to be delivered which makes this unearned revenue. It will be credited to the unearned sales revenue account.
Question is:
Prepare journal entries for the following event.
Find out more on unearned sales revenue at https://brainly.com/question/5010039.
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