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