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WOW WIN 6 During the month of September, the Texas Go-Kart Company had the following business activities: 0 onts & On September 1, paid rent
WOW WIN 6 During the month of September, the Texas Go-Kart Company had the following business activities: 0 onts & On September 1, paid rent on the track facility for six months at a total cost of $12,000. b. On September 1, received $60,000 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 $2,000 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 $3,000, to be paid the first Monday following the end of the month oto Hint DIE References 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: Required 2 Prepare the journal entry, if any, required to record coch of the initial business activities on September 1. (If no entry is required for transaction/event, select "No Journal Entry Required in the first account field) View transaction list Journal entry worksheet 6 View transaction list Journal entry worksheet 10 points 3 4 > Book Record the payment of rent on the track facility for six months at a total cost of $12,000. Hint Print References Note: Enter debits before credits. General Journal Credit Date September 01 Prepaid Rent Cash Debit 12 000 12.000 Record entry Clear entry View general Journal Required 2 >
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