If a Company Has Advance Ticket Sales Totaling $2,000,000 for the Upcoming

Multiple Choice

If a company has advance ticket sales totaling $2,000,000 for the upcoming football season,the receipt of cash would be journalized as:

A) Debit Sales,credit Unearned Revenue.
B) Debit Unearned Revenue,credit Sales.
C) Debit Cash,credit Unearned Revenue.
D) Debit Unearned Revenue,credit Cash.
E) Debit Cash,credit Ticket sales payable.