-20 XYZ Company has a December 31 year end. Prepare any required year end adjusting journal entry. Date is required but explanations are NOT required. The rent expense paid through November 30 was $2,000 per month. Rent payments are debited to rent expense when paid. Starting December 1, the rent was increased to $2,500 per month on December 1, XYZ wrote a cheque to the landlord for the next 3 months of rent. -ut of