Company ABC sells game tickets. ABC has the following transactions. Prepare the journal entry to record the initial transaction (if one is required) and prepare the adjusting entry (if any) required on June 30, the end of the quarter. (a) On June 1, ABC borrowed $360,000 from XYZ Bank by issuing a 10% bank loan payable. The bank loan is due in three months. (b) On June 1, $480,000 is paid for a three-month rent on the office building. (c) On June 1, sold season game tickets totaling $1,200,000 for admission to the game. The game season is year-round with 23 game days each month. (d) On June 10, printed schedules for 10 game days in June, 15 game days in July, and 25 game days in August were printed for $5,000. Printing Expense is the account used to record the related expense. (e) The gross receipts from operating the concessions (food and drink stands) for June were $200,000. Ten percent is due to ABC and will be paid by July 25