Among the ledger accounts used by Rapid Speedway are the following: Prepaid Rent, Rent Expense. Unearned Admissions Revenue Admissions Revenue, Prepaid Printing. Printing Expense, Concessions Recelvable, and Concessions Revenue. For each of the following tems, provide the journal entry of one ls needed) to record the Initial transaction and provide the adjusting entry, If any required on May 31, assuming the company makes adjusting entries monthly a On May 1 borrowed $280,000 cash from National Bank by issulng a 9 percent note payable due In three months. b. On May 1 pald rent for stx months beginning May 1 at $36.000 per month. C. On May 2 sold season tickets for a total of $910,000 cash. The season Includes 60 racing days: 15 in May, 20 in June, and 25 in July d. n May 4 an agreement was reached with SnackBars,.Inc. allowing that company to sell refreshments at the track in return for io percent of the gross recelpts from refreshment sales. complete this question by entering your answers in the tabs below. RequiredA Required & Required Required D I Bank by issuing a 9 percent note payable due in three months. (If no On May 1, borrowed $280.000 cash from Nationa is required for a transaction/event. select "No journal entry required in the first account field.) Maw transaction Eat Journal entry worksheet Record the entry for borrowing a thnee-month lpan from Netiorel Bank a: 99% interest per year