The Jacquers, a semi-professional baseball team, prepare financial statements on a monthly basis. Their season begins in April, but in March the team engaged in the following transactions:

(a) Paid $120,000 to Lawrence City as advance rent for use of Lawrence City Stadium for the six- month period April 1 through September 30.

(b) Collected $600,000 cash from sales of season tickets for the team's 20 home games. This amount was credited to Unearned Ticket Revenue.

(c) During the month of April, the Jacquers played four home games and five road games.

Instructions:

Prepare the adjusting entries required at April 30 for the transactions above.