On May 1, Year 3, Atlas Company rented some equipment to another firm for one year starting on that date. The rent on this equipment is $800 per month and Atlas received a cash payment for the entire year on May 1, Year 3. Atlass bookkeeping staff treated the entire amount received as Equipment Rent Revenue on the date the payment was received [debiting Cash and crediting Equipment Rent Revenue]. Nothing else has been done in Year 3 in the accounting records of the firm related to these accounts until your adjusting journal entry on December 31, Year 3. Required: Show the proper adjusting journal entry at December 31, Year 3, the end of Atlass fiscal year