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Check 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 $11.400. b. On September 1, received $54,000 for season tickets for 12-month admission to the race track. con September 1, booked the race track for a private organization that will use the track one day per month for $1.700 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 $3,000, 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 Journal entry worksheet Prey 1 of 8 Next > View transaction list Journal entry worksheet 1 2 3 Record the payment of rent on the track facility for six months at a total cost of $11,400. Note: Enter debits before credits, Date September 01 General Journal Debit Credit Record entry Clear entry View general Journal Required 1 Required 2 > View transaction list Journal entry worksheet 1 3 > Record the receipt of $54,000 for season tickets for 12-month admission to the race track Note: Enter debits before credits. Data General Journal Debit Credit September 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet View transaction list Journal entry worksheet Required