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.)
|
| 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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