These are some of the general ledger accounts used by Kemper Laser Park: Accounts Receivable Prepaid Printing Prepaid Rent Unearned Admissions Revenue Printing Expense Rent Expense Coupons Expense Admissions Revenue Concessions Revenue Instructions For each of the following transactions below, prepare the journal entry (if one is required) to record the initial transaction and then prepare the adjusting entry, if any, required on September 30, the end of the fiscal year. (a) On September 1, paid rent on the park facility for three months, $180,000. (b) On September 1, sold season tickets for admission to the park. The competition season is weekends year-round with 10 days of competition each month. Season ticket sales totaled $900,000. (c) On September 1, borrowed $150,000 from First Canadian Bank by issuing a 5% note payable due in three months, interest due on maturity. (d) On September 6, schedules for 8 competition days in September, 10 days in October, and 7 competition days in November were printed for $3,000. (e) Concessions are operated by an independent company, who pays Kemper 10% of the gross receipts. The accountant for the concessions company reported that gross receipts for September were $140,000. The amount due to Kemper will be remitted by October 11. f) Kemper pays employees on alternate Fridays. The last payday in Sep. was Sep 20th and the first pay day after year end October is Oct 4th. The assistant worked 40 hours during this period, of which 30 were in Sep, and the rest in Oct. The assistant earns $19.50 an hour. g) Sep. 30th is a busy day and Kemper has had many groups to the park. On October 5th she reviews her September billings, and realizes that she had one large group billing for $425 on September 30th for a birthday party, but for which no invoice was issued. The booking was to a regular customer who will pay promptly when the invoice is sent. h) Kemper offers drop in customers a coupon valued at $20 for every 3 visits a customer makes to the laser park. At September 30th, she reviews her records and finds that 15 customers have visited enough to claim coupons. Kemper records the cost of these coupons as Coupon Expense when the customer becomes entitled to them