On May 15, 2022 Philippine Airline received Php 150,000 from JJ Company for their scheduled flight to Cebu on September 15, 2022. What is the credit entry to record the liability at the time of sale of tickets?
a. Earned Passenger Ticket Revenue
b. Unearned Passenger Ticket Revenue
c. Cash
d.Accounts Payable

Using the preceding problem, What is the credit entry to recognize revenue on the date of the scheduled flight?
a Earned Passenger Ticket Revenue
b Unearned Passenger Ticket Revenue
c Cash
d Accounts Payable
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