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2 August, 01:35

If a company has advance ticket sales totaling 2000000 for the upcoming football season the receipt of cash would be journalized as

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  1. 2 August, 05:20
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    The transaction in this question involves two accounts: sales account and cash account. The transaction will be recorded as such:

    Dr. Cash ... 2,000,000

    Cr. Sales of tickets ... 2,000,000

    Ticket sales in cash
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