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Splish Splash Art is a centre that offers children's music and dance lessons. Splish Splash...

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Accounting

Splish Splash Art is a centre that offers children's music and dance lessons. Splish Splash prepares annual financial statements and
has a December 31,2023, year-end.
a. On September 1, Splish Spash Art collects $17,500 cash for dance lessons running from September 1,2023 to December 31,2023.
b. On October 1, Splish Splash Art collects $7,200 cash in advance from the Music Box Inc. ( $3,600 per month) to rent its performance
stage for the full month of December 2023 and January 2024.
c. On October 1,2023, Splish Splash Art collects $11,300 cash for four months of music lessons for a local private school. The lessons
run from October 1,2023 to January 31,2024.
Required:
For the above transactions, record the initial journal entry and the adjusting entry required on December 31,2023.
a.
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