The Hyper Gophers, a semi$-$professional baseball team, prepares financial statements on a monthly basis. The season begins in April, but in March the team engaged in the following transactions:

$1.$ Paid $$540,000$ on March $15$ to Burger Queen Corp. as advance rent for use of Burger Stadium for the six$-$month period April $1$ through September $30.$

$2.$ Collected $$432,000$ cash on March $20$ during a sales blitz for season tickets for the team's $36$ home games. This amount was credited to Deferred Revenue.

During the month of April, the Hyper Gophers played eight home games and five road games.

Instructions

Prepare the journal entries for March and the adjusting entries required at April $30$ for the transactions above. Use correct format for journal entries.