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During the month of September, the Texas Go-Kart Company had the following business activities: a. On September 1, paid rent on the track facility for

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During the month of September, the Texas Go-Kart Company had the following business activities: a. On September 1, paid rent on the track facility for six months at a total cost of $12,000. b. On September 1, received $60,000 for season tickets for 12 month admission to the race track c On September 1, booked the race track for a private organization that will use the track one day per month for $2,000 each time to be paid in the following month. The organization uses the track on September 30. d. On September 1, hired a new manager at a monthly salary of $3.000, to be paid the first Monday following the end of the month Required: 1. Prepare the journal entry, if any, required to record each of the initial business activities on September 1 2. Prepare the adjusting journal entries, if any, required on September 30. Journal entry worksheet Record the payment of rent on the track facility for six months at a total cost of $12,000. Note: Enter debits before credits. Date September 01 General Journal Debit Credit Journal entry worksheet Record the booking of the race track for a private organization that will use the track one day per month for $2,000 each time, to be paid in the following month. The organization uses the track on September 30. Note: Enter debits before credits. Date General Journal Debit Credit September 01 Journal entry vorksheet Record the hiring a new manager at a monthly salary of $3,000, to be paid the first Monday following the end of the month. Note: Enter debits before credits. Date General Journal Debit Credit September 01 Journal entry worksheet 1 2 3 4 Record the adjusting entry for the payment of rent on the track facility for six months at a total cost of $12,000. Note: Enter debits before credits. General Journal Date September 30 Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the adjusting entry for the receipt of $60,000 for season tickets for 12- month admission to the race track. Note: Enter debits before credits. General Journal Debit Credit Date September 30 Record entry Clear entry View general journal DAL Navt View transaction list Journal entry worksheet

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