Stillwater Youth Programs rents gym space for one year, paying $12,000 (51.000/month) in advance on September 1. first account field.) Record the adjusting entry on December 31. (if no entry is required for a transaction/event, select "No journal entry required" in the View transaction list Journal entry worksheet Record the adjusting entry on December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal