Suppose a company rents office space for one year, paying $33,000 ($2,750/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 require first account field.) View transaction list Journal entry worksheet Record the adjusting entry on December 31. Note: Enter debits before credits Date General Journal Debit Credit December Rent expense 31 8,250 Prepaid rent 18250