Business, 26.02.2020 03:33 alexisozl9253

For each of the following independent situations, prepare journal entries to record the initial transaction on September 30 and the adjustment required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

a. Hockey Helpers paid $5,200 cash on September 30 to rent an arena for the months of October and November.

b. Super Stage Shows received $17,200 on September 30 for season tickets that admit patrons to a theatre event that will be held twice (on October 31 and November 30).

c. Risky Ventures paid $3,900 on September 30 for insurance coverage for the months of October, November, and December.

Journal Entries:
A) Sept. 30, Record the payment of $5,200 cash on September 30 to rent an arena for the months of October and November.
B) Oct. 31, Record the October 31 adjusting entry for the September 30 cash payment of $5,200 to rent the arena for the months of October and November.
C) Sept. 30, Record the October 31 adjusting entry for the September 30 cash payment of $5,200 to rent the arena for the months of October and November.
D) Oct. 31, Record the October 31 adjusting entry for the September 30 cash payment of $5,200 to rent the arena for the months of October and November.
E) Sept. 30, Record the payment by Risky Ventures of $3,900 on September 30 for insurance coverage for the months of October, November, and December.
F) Oct 31, Record the October 31 adjusting entry for the September 30 cash payment of $3,900 for insurance coverage for the months of October, November, and December.

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