The Following Ledger Accounts Are Used by the Crawford Greyhound

The following ledger accounts are used by the Crawford Greyhound Park:
Accounts receivable
Prepaid printing
Prepaid rent
Admissions revenue received in advance
Printing expense
Rent expense
Admissions revenue
Concessions revenue
Cash
Note payable
Interest expense
Interest payable
Commissions revenue
For each of the following transactions below, prepare the journal entry (if one is required) to record the initial transaction and then prepare the adjusting entry, if any, required on 30 September, the end of the financial year.
(a) On 1 September, paid rent on the track facility for three months, $180,000.
(b) On 1 September, sold season tickets for admission to the racetrack. The racing season is year-round with 25 racing days each month. Season ticket sales totalled $900,000.
(c) On 1 September, borrowed $150,000 from First National Bank by issuing a 12% promissory note payable due in three months.
(d) On 5 September paid $3,000 cash for racing schedules for 20 racing days in September, 25 racing days in October and 15 racing days in November.
(e) The accountant for the concessions company reported that gross receipts for September were $140,000. Ten per cent is due to Crawford and will be remitted by October 10.