The following are the independent situations.
a. |
Hockey Helpers paid $2,400 cash on September 30, to rent an arena for the months of October and November.
|
b. |
Super
Stage Shows received $6,100 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 $3,900 on September 30, for insurance coverage for the months of October, November, and December.
|
Required: |
Prepare journal entries to record the initial transaction on September 30 and the adjustment required on October 31. (Omit the "$" sign in your response.)
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Date | General Journal | Debit | Credit | |
a) | Sept. 30 | Prepaid rent | ||
Cash | ||||
Oct. 31 AJE | Rent expense | |||
Prepaid rent | ||||
b) | Sept. 30 | Cash | ||
Unearned revenue | ||||
Oct. 31 AJE | Unearned revenue | |||
Admissions revenue | ||||
c) | Sept. 30 | Prepaid insurance | ||
Cash | ||||
Oct. 31 AJE | Insurance expense | |||
Prepaid insurance | ||||
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