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Journal entry worksheet 3 On August 1, 2021, Hurricane collects $12,480 in advance from another company that is renting a portion of Hurricane's factory.

Journal entry worksheet 3 On August 1, 2021, Hurricane collects $12,480 in advance from another company that is renting a portion of Hurricane's factory. The $12,480 represents one year's rent and the entire amount is credited to Deferred Revenue. Record the adjusting entry for deferred revenue at its year-end of Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry

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