If a company has advance ticket sales totaling 2,000,000 for the upcoming football season, the receipt of cash would be journalized as: Debit Unearned Revenue credit Cash. Debit Cash, credit Unearned Revinue. Debit Unearned Revenue,credit Sales. Debit Cash, credit Ticket sales payable. Debit Sales, credit Unearned Revenue.

When a company receives cash in advance for services to be provided in the future, it records the receipt of cash and recognizes a liability because the service has not yet been performed. The correct journal entry would be:<br /><br />Debit Cash, credit Unearned Revenue.<br /><br />This reflects that the company has received cash but still owes the service (in this case, the football games) to the customers.<br /><br />So, the correct answer is:<br />Debit Cash, credit Unearned Revenue.