Lakewood Tennis Club (LTC) operates an indoor tennis facility. The company charges a $165 annual membership fee plus a member rental rate of $15 per court per hour. LTC's revenue recognition policy is described in its financial statement notes as follows: Revenue Recognition-LTC generates revenue from two sources. Annual membership fees arise from providing 12 months of services to members, so they are reported as membership revenue each month as these services are provided. Court rental fees are generated by renting courts each day, so they are reported as service revenue when courts are used by members. The following events occurred in September: a. During the month of September, 8 new members joined and paid the annual membership fee in cash. The memberships do not begin until October (the following month). b. For the week ended September 11. LTC provided 215 court-hours of rental services for members and collected its fees in cash. c. On September 13, LTC purchased and received tennis balls and other supplies. The regular retail price was $290, but LTC negotiated a lower amount ($280) that is to be paid in October. d. On September 15, LTC paid $2,300 to employees for the hours they worked from September September 1 to 15 . e. For the two weeks ended September 25, LTC provided 362 court-hours for members and collected its fees in cash. f. On September 26. LTC's courts were used for a member's birthday party. LTC expects the member to pay the special event booking fee of $215 on Saturday. October 2. 9. On September 27, LTC wrote a $380 check to an advertising company to prepare advertising flyers that will be inserted in local newspapers on October 1. h. On September 29, LTC received $215 on account for the member's birthday party that was held on September 26 On September 30, LTC submitted its electricity and natural gas meter readings online. According to the suppliers" Websites, the total charges for the month will be $330. This amount will be paid on October 17 through a preauthorized online payment. Journal entry worksheet 2345789 Record the entry for annual membership fee received in cash from 8 new members. The memberships do not begin until September 1 . Note: Enter debits before credits. Journal entry worksheet Record the entry for fees collected in cash for the 215 court hours of rental service provided to members. Note: Enter debits before credits. Journal entry worksheet 1 2 4 5 7 8 9 Record the entry for purchase of tennis balls and other supplies. The regular retail price was $290, but LTC negotiated a lower amount ($280) that is to be paid in October. Note: Enter debits before credits. Record the entry for $2,300 paid to employees for the hours they worked from September 1-15. Note: Enter debits before credits. Journal entry worksheet