Boneta City College sold season tickets for the 2016 football season for $240,000. A total of 8 games will be played during September, October and November. In September, three games were played. The adjusting journal entry at September 30:
(A) will include a debit to Ticket Revenue and a credit to Unearned Ticket Revenue for $80,000.
(B) is not required. No adjusting entries will be made until the end of the season in November.
(C) will include a debit to Cash and a credit to Ticket Revenue for $60,000.
(D) will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $90,000.
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