The Greenville Cruisers, a professional roller derby team, prepares financial statements on a monthly basis. The roller derby season begins in February, but in January, the team engaged in the following transactions:

Paid $$28,000$ to the Greenville Roller Rink as advance rent for use of the facilities for the $4-$month period from February $1$ through May $31.$ This payment was initially recorded as Prepaid Rent.

Collected $$120,000$ cash from the sale of season tickets for the team$$s home games. The entire amount was initially recorded as Unearned Ticket Revenue. During the month of February, the team skated several home events at which $$25,500$ of the season tickets sold in January were used by fans.

Required:

Prepare the two adjusting entries required on February $28.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.