Boneta City College sold season tickets for the 2016 football season for $250000. A total of 8 games will be played during September October and November. In September two games were played. In October three games were played. The balance in Unearned Ticket Revenue at October 31 is

Question

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For each game, the college earned $250000/8 = $31250.
By the end of September, they should have earned $31250 x 2 = $62500.
By the end of October, they should have earned $31250 x 5 = $156250.
The fact that they still have unearned revenue at the end of October means that they have not yet played all 5 games in October and November.
Therefore, the balance in Unearned Ticket Revenue at October 31 is $156250 - $62500 = $93750.

Boneta City College Sold Season Tickets for the 2016 Football