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Prepare the entry for the initial recording of the unearned

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Question

Season tickets for the Dingos are priced at $400 and include 20 home games. An equal amount of revenue is recognized after each game is played.

When the season began, the amount credited to Unearned Ticket Revenue was $2,200,000. By the end of October, $1,650,000 of the Unearned Ticket Revenue had been recognized as revenue.

Prepare the entry for the initial recording of the Unearned Ticket Revenue.

Reference no: EM132318337

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