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The theater credited unearned revenue for the full amount

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The theater has eight plays each season. This year's season started in October 2015 and ends in May 2016 (one play per month). Season tickets sell for $350. On October 1, 490 season tickets were sold for the 2015-2016 season. The theater credited Unearned Revenue for the full amount received on October 1 and uses a Ticket Revenue account to record revenue earned from season tickets

Reference no: EM131802203

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