3. Prepare the adjusting journal entries that should be recorded for Nicoles Getaway Spa at December 31, 2020, assuming that the items have not been adjusted prior to December 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Nicoles Getaway Spa is renting its space at a cost of $950 per month. On September 1, 2020, Nicole paid eight months rent in advance using cash. This prepayment was recorded in the account Prepaid Rent back in September. Record the transaction.