Chapter 4 Practice Question (unge X Chapter 4 Graded HW Problems X Accounting question ! Chegg X ezto.mneducation.com/hm.tpx 4-3 Recording Initial 1 ransactions and Subsequent Adjustments ILC) 4-1, l () 4-21 During the month of September, the Taxas Go-Kart Company had the following business activities: a On September 1, paid rent on the track facility for six months at a tatal cost of $12,000 b. On Septembar 1, received S60,000 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 S2,U00 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 manthly salary of S3,00n, to be paid the first Monday fallowing the end of the month Required: 1. Prepare the joumal entry, if any, required to record each of the initial business activties on September 1. (f no entry is required for a transactionlevent, select No Journal Entry Required" in the lirst account field.) View transaction st Journal entry worksheet Record the payment of rent on the track facility for six months at a total cost of $12,000 Note: Enter debts before credts Date Debit Credit Record entry Clear entry View general journal Type here to search P 556 PM /22/2018