Unearned Ticket Revenue Is $5,534 on the Unadjusted Trial Balance

question 25

Multiple Choice

Unearned Ticket Revenue is $5,534 on the unadjusted trial balance. During the period, $3,509 of that money has now been earned. The adjusted balance for Unearned Ticket Revenue is a:

• A)$3,509 debit.
• B)$3,509 credit.
• C)$2,025 debit.
• D)$2,025 credit.

---

Definitions:

Writing

The act or process of producing text, symbols, or other forms of communication on a surface, often for recording or conveying information.

Words Of Negotiability

Phrases or terms in a financial document that grant the right to transfer it to another party, ensuring its negotiability.

Oral Agreement

A verbal commitment between parties to do or not do something, which can be legally binding, although proving the terms and existence can be challenging.

Payable

Refers to an amount of money that is owed by a person, company, or organization to another entity and is due to be paid.