During the month of September, the Texas Go-Kart Company had the following business activities: a. On...

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During the month of September, the Texas Go-Kart Company had the following business activities: a. On September 1, paid rent

Journal entry worksheet 2 3 4 Record the payment of rent on the track facility for six months at a total cost of $9,000. Note

Journal entry worksheet Record the receipt of $36,000 for season tickets for 12-month admission to the race track. Note: Ente

Journal entry worksheet < 1 2 Record the booking of the race track for a private organization that will use the track one day

Journal entry worksheet < 1 2 3 4 Record the hiring a new manager at a monthly salary of $1,500, to be paid the first Monday

Journai entry worksneet 1 2 3 4 Record the adjusting entry for the payment of rent on the track facility for six months at a

Record the adjusting entry for the receipt of $36,000 for season tickets for 12- month admission to the race track. Note: Ent

1 2 Record the adjusting entry for the booking of the race track for a private organization that will use the track one day p

< 1 2 3 Record the adjusting entry for the hiring a new manager at a monthly salary of $1,500, to be paid the first Monday fo

business accounting

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Answer 1

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Answer #1

1
	General Journal	Debit	Credit
September 01	Prepaid Rent	9000
	Cash		9000

September 01	Cash	36000
	Unearned Revenue		36000

September 01	NO journal entry required

September 01	NO journal entry required

2
	General Journal	Debit	Credit
September 30	Rent expense	1500		=9000*1/6
	Prepaid rent		1500

September 30	Unearned Revenue	3000		=36000*1/12
	Sales Revenue		3000

September 30	Accounts Receivable	1500
	Rent Revenue		1500

September 30	Salaries and wages expense	1500
	Salaries and wages payable		1500

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Answer 2

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