Chelsea FC, a professional football team, prepares financial statements on a monthly basis. The football season begins in September, but in August the team engaged in the following transactions. What would be the change in the net profit/loss amount after adjusting the entries required at August 31 for these transactions?

a) 5.000 $ Loss

b) 10.000 $ Profit

c) 10.000 $ Loss

d) 5.000 $ Profit

1. Paid 120.000 $ to Wembley Stadium in London as advance rent for use of a stadium for the four month period September 1 through December 31. ii. Collected 200.000 $ cash from sales of season tickets for the team's 16 home games. This amount was credited to unearned revenue. During September, Chelsea FC played two home games