1. Prepare the journal entry, if any, required to record each of the initial business activities on September 1. (done)
2. Prepare the adjusting journal entries, if any, required on September 30.

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 $12,600. b. On September 1, received $56,400 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 $2,100 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 $3,200, 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.) No Date General Journal Debit Credit 1 September 01 Prepaid Rent 12,600 Cash 12,600 2 September 01 Cash 56,400 Deferred Revenue 56,400 3 September 01 No Journal Entry Required 4 September 01 No Journal Entry Required Required 1 Required 2 Prepare the adjusting journal entries, if any, required on September 30. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No Date General Journal Debit Credit 1 September 30 2 September 30 x 3 September 30 x 4 September 30