Jason Hope decided to open a hotel, set up as a corporation, in his hometown. Prepare journal entries to record the following transactions. Hope uses the accounts Room Rental Revenue and Event Revenue. All expenses for special events are recorded as Event Expense. 
Definitions:
Revenue And Spending Variance
Revenue and spending variance involves the difference between actual and projected figures for revenue and expenditures, indicating the performance against the budget.
Tenant-Days
A measure used in property management and hospitality to calculate the total number of days for which a property is occupied by tenants.
Facility Expenses
Costs associated with the physical locations where business operations occur, including rent, utilities, and maintenance of buildings and equipment.
Press Runs
The total number of copies produced in one operation or batch on a printing press.
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