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4 E4-3 (Algo) Recording Initial Transactions and subsequent Adjustments [LO 4-1, LO 4-2] During the month of September, the Texas Go-Kart Company had the following business activities: 4 points 03:40:52 a. On September 1. pold rent on the track facility for six months at a total cost of $12,000. b. On September 1, received $55,200 for season tickets for 12 month admission to the race track On September 1, booked the race track for a private organization that will use the track one day per month for $1.900 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 $3.100, to be paid the first Monday following the end of the month eBook 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, Ask Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry, if any, required to record each of the initial business activities on September 1. (ir no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet He il ducun red.) View transaction list Journal entry worksheet View transaction list Journal entry worksheet Record the receipt of $55,200 for season tickets for 12-month admission to the race track Note: Enter debits before credits General Journal Debit Credit Date September 01 Record entry Clear entry View general Journal dly, required to record each 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 Record the booking of the race track for a private organization that will use the track one day per month for $1,900 each time, to be paid in the following month. The organization uses the track on September 30. Note: Enter debits before credits General Journal Debit Credit Date September 01 View general journal Record entry Clear entry Newt required to record each of the initial business activities on September 1. (I no entry is required for transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet > Record the hiring of a new manager at a monthly salary of $3,100, to be paid the first Monday following the end of the month. Note: Enter debits before credits General Journal Debit Credit Date September 01 View general journal Record entry Clear entry Red Journal entry worksheet Journal entry worksheet 2 2. 3 4 > Record the adjusting entry for the receipt of $55,200 for season tickets for 12- month admission to the race track. Note: Enter debits before credits. General Journal Debit Credit Date September 30 View general journal Clear entry Record entry Required 4 of 10 Next > HE 1. Tired on September 30 ( ne entry required for a tractor/events Hequired in the first account field) View transaction list Journal entry worksheet Record the adjusting entry for the booking of the race track for a private organization that rents the track one day per month for $1,900 each time to be paid in the following month. The organization rents the track on September 30. Note: Enter debit before credits Date General Journal Debit Credit September 30 View general journal Record entry Clear entry Required 1 Required 2 Prepare the adjusting journal entries, if any, required on September 30. (if ne entry is required for a transaction/event, select Journal Entry Required in the first account field) View transaction list Journal entry worksheet > Record the adjusting entry for the hiring a new manager at a monthly salary of $3,100, to be paid the first Monday following the end of the month, Note: Enter debits before tredie. General Journal Debit Credit Date September 30 View general Journal Record entry Clear entry