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On November 1, Boomer Rentals received rent from a customer of $3,150 ($1,050/month) for 3 months in advance. Required: 1.&2. Record the November 1 entry

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On November 1, Boomer Rentals received rent from a customer of $3,150 ($1,050/month) for 3 months in advance. Required: 1.&2. Record the November 1 entry and the December 31 adjusting entry in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of the Deferred Revenue and Service Revenue accounts (assuming the balance of Deferred Revenue at the beginning of the year is $0). Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular tr Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 2 Record the adjusting entry on December 31. Journal entry worksheet

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