On September 1, 2015, Richard started a small business called "Ricky Rock Wrestling for Fun". "Ricky Rock" offers a part

[answerhappygod]

On September 1, 2015, Richard started a small business called
"Ricky Rock Wrestling for Fun". "Ricky Rock" offers a party package
designed for active kids, teen and adults that want to learn and
practice wrestling activities for fun by learning how to perform
headlocks, leg scissors and other tricks.
The following transaction occurred during the first month of
operations, please indicate how the adjusting journal entry (AJE)
at the end of September should be recorded:
Multiple Choice
None of the other journal entries are correct, it is another
journal entry
Dr. Gym Expense 500 and Cr. Cash 500
The transaction does not need an AJE
Dr. Gym Expense 500 and Cr. Prepaid Gym 500
Dr. Prepaid Gym 2,000 and Cr. Cash 2,000