On September 1, 2015, Richard started a small business called "Ricky Rock Wrestling for Fun". "Ricky Rock" offers a party package designed for active kids, teen and adults that want to learn and practice wrestling activities for fun by learning how to perform headlocks, leg scissors and other tricks.

The following transaction occurred during the first month of operations, please indicate how the adjusting journal entry (AJE) at the end of September should be recorded:

September 23, Paid the gym membership for September, October, November and December, Amount 2000.

Dr. Gym Expense 500 and Cr. Cash 500

Dr. Prepaid Gym 2,000 and Cr. Cash 2,000

Dr. Gym Expense 500 and Cr. Prepaid Gym 500

None of the others journal entries are correct, it is another journal entry

The transaction does not need an AJE