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. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.) hockey paid $4,200 cash on september 30 to rent an arena for the months of october and november. super stage shows received $16,200 on september 30 for season tickets that admit patrons to a theatre event that will be held twice (on october 31 and november 30). risky ventures paid $3,150 on september 30 for insurance coverage for the months of october, november, and december.

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)