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.a. Hockey Helpers paid $4,000 cash on September 30 to rent an arena for the months of Octoberand November.b. Super Stage Shows received $16,000 on September 30 for season tickets that admit patrons toa theatre event that will be held twice (on October 31 and November 30).c. Risky Ventures paid $3,000 on September 30 for insurance coverage for the months ofOctober, November, and December.

Question

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.
a. Hockey Helpers paid $4,000 cash on September 30 to rent an arena for the months of October
and November.
b. Super Stage Shows received $16,000 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 $3,000 on September 30 for insurance coverage for the months of
October, November, and December.

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