A company rents office space for one year, paying 30,000(2,500/month) in advance Sept 1. Record the adjusting entry on Dec 31:

Saved Suppose a company rents office space for one year, paying $30,000 ($2,500/month) in advance on September 1 Record the adjusting entry on December 31. (If no entry is required for a transaction/event, select "No journal entry re first account field.) View transaction list Journal entry worksheet