Answer:
The Journal entries are as follows:
(i) On October 31,
Cash A/c Dr. $7,760,000
     To Unearned ticket revenue A/c  $7,760,000
(To record the Unearned ticket revenue)
(ii) On November 5,
Unearned ticket revenue A/c Dr. $1,940,000
         To Earned ticket revenue        $1,940,000
(To record the one-fourth of the advance ticket sales)
Working notes:
Unearned ticket revenue:
= $7,760,000 × (1/4)
= $1,940,000
