ok nces E4-3 (Algo) Recording Initial Transactions and Subsequent Adjustments (LO 4-1, LO 4-2] 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 $6,600. b. On September 1, received $44,400 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 $1,500 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 $2,200, 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry, if any, required to record each of the initial business activities on September 1. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Prepare the adjusting journal entries, if any, required on September Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 2 3 4 Record the adjusting entry for the payment of rent on the track facility for six months at a total cost of $6,600. Note: Enter debits before credits. Date September 30 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 3 4 Record the adjusting entry for the receipt of $44,400 for season tickets for 12- month admission to the race track. Note: Enter debits before credits. Date September 30 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Record the adjusting entry for the booking of the race track for a private organization that rents the track one day per month for $1,500 each time, to be paid in the following month. The organization rents the track on September 30. Note: Enter debits before credits. Date September 30 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet > 1 2 3 Record the adjusting entry for the hiring a new manager at a monthly salary of $2,200, to be paid the first Monday following the end of the month. Note: Enter debits before credits. Date September 30 General Journal Debit Credit Record entry Clear entry View general journal