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Question 4 of 13 -5 Current Attempt in Progress A semi-professional hockey team...

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Accounting

Question 4 of 13
-5
Current Attempt in Progress
A semi-professional hockey team prepares financial statements on a monthly basis. Their season begins in October, but in September the team engaged in the following transactions:
(a)
Paid $144,000 to Oklahoma City as advance rent for use of Oklahoma City Arena for the six-month period October 1 through March 31.
(b) Collected $432,000
(c) During the month of October, the team played five home games.
Prepare the adjusting entries required at October 31 for the transactions above. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
No. Account Titles and Explanation
Debit
Credit
(a)
(b) & (c)
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