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 Unearned Revenue, credit Sales.
C. Debit Sales, credit Unearned Revenue.
D. Debit Cash, credit Ticket sales payable.
E. Debit Unearned Revenue, credit Cash.
Answer: A
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