ITe foniowive iedger accountsire used ty the Heafoand Kace irack: Accounts Receivable Prepaid Advertising Prepaid Rent Unearned Sales Revenue 5 Sales frevenue Advertising Expense Rent Expense For each of the followingtransactions below, prepare the journat entry (if one is requifed) to record the initial transaction and then prepare the adjusting eritry, if any, required an November 30 , the end of the fiscal year. (a) On November 1, paid rent on thetrack faciaty for these montis, $147,000 (b) OnNNovember 1, sold reason tickets for admission to the racetrack, The racing seator is year-round with 25 racine dayseach month 5eason ticket sates totaked $940,000 (i) OnNovember 1 bocrowed $245000 fram First National Bank by issuinga 636 note payable due in three monthi. (d) OnNovember 5 , progems for 20 racing days in Nowember, 25 raciredays in December and 15 ricifis divs in ianuary were grinted for 52.940 (e) The accountant for the concession compamy taported that gross recelphs for Noveuber were 5137.200 .10 percent is due to Hrartiand and will be remetted by December 10