On December 3, the Celtics sold a six-game pack of advance tickets for $3,000 cash....
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Accounting
On December 3, the Celtics sold a six-game pack of advance tickets for $3,000 cash. On December 20, the Celtics played the first game of the six-game pack (this represented one-sixth of the advance ticket sales). Record the entry for the December 3 transaction:
Debit Cash $3,000; credit Unearned Revenue $3,000.
Debit Unearned Revenue $3,000; credit Sales $3,000.
Debit Cash $3,000, credit Accounts Payable $3,000.
Debit Sales $3,000, credit Unearned Revenue $3,000.
Debit Prepaid Tickets $3,000, credit Sales $3,000.
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