Suppose a company rents office space for one year, paying $21,000 ($1,750/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 Record the adjusting entry on December 31. Note: Enter debits before credits General Journal Debit Credit Date December 31