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Part III: Adjusting Entries (12 points) - No prior adjusting entries have been made. 1. In September 2022, Fugazi City College collected $180,000 cash
Part III: Adjusting Entries (12 points) - No prior adjusting entries have been made. 1. In September 2022, Fugazi City College collected $180,000 cash from sales of season tickets for the team's Come games for the upcoming season and credited the amount to Unearned Ticket Revenue. Fugazi City College played 4 home games during the months of September and October. What was the adjusting entry required at October 31, 2022 for Ticket Revenue? (3 points) Account Titles Debit Credit 2. On May 1, 2022, Fugazi City College prepaid $150,000 rent to Windy City for use of Windy City Stadium for the six month period from May 1 to October 31, 2022. What was the adjusting entry required on September 30, 2022 for the rent paid in advance and expired? (3 points). Account Titles Debit Credit
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