Suppose a company rents office space for one year, paying $15,000 ($1,250/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 required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the adjusting entry on December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Clear entry Record entry