Question $4$ of $13$

$\frac{-}{5}$

Current Attempt in Progress

A semi$-$professional hockey team prepares financial statements on a monthly basis. Their season begins in October, but in September the team engaged in the following transactions:

$($a$)$

Paid $$144,000$ to Oklahoma City as advance rent for use of Oklahoma City Arena for the six$-$month period October $1$ through March $31.$

$($b$)$ Collected $$432,000$

$($c$)$ During the month of October, the team played five home games.

Prepare the adjusting entries required at October $31$ for the transactions above. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

$($b$)$ & $($c$)$