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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: a on September 1, paid rent on the track facility for six months at a total cost of $9,000, b. On September 1, received $49,200 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 $2,300 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 $2,600, to be paid the first Monday following the end of the month, hoes 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 1 Required 2 Prepare the journal entry, if any, required to record each of the initial business activities on September 1. (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account held.) View transaction list Journal entry worksheet 1 2 3 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. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet