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Required: For each of the following independent situations, prepare journal entries to record the initial transaction on September 30 and the adjustment required on October
Required: For each of the following independent situations, prepare journal entries to record the initial transaction on September 30 and the adjustment required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Hockey Helpers paid $4,000 cash on September 30 to rent an arena for the months of October and November b. Super Stage Shows received $16,000 on September 30 for season tickets that admit patrons to a theatre event that will be held twice (on October 31 and November 30). c. Risky Ventures paid $3,000 on September 30 for insurance coverage for the months of October, November and December View transaction list 5 Journal entry worksheet 1 2 3 4 5 > 6 Record the payment of $4,000 cash on September 30 to rent an arena for the months of October and November. nework problems i Save View transaction list September 30 ror season tickets that aamit patrons to a theatre event that will be held twice (on October 31 and November 30). 4. Record the October 31 adjusting entry for the September 30 receipt of $16,000 for season tickets that admit patrons to a theatre event that will be held twice (on October 31 and November 30). 5 Record the payment by Risky Ventures of $3,000 on September 30 for insurance coverage for the months of October, November, and December 6 Record the October 31 adjusting entry for the September 30 cash payment of $3,000 for insurance coverage for the months of October, November, and December
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