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Suppose a customer rents a vehicle for four months from Rent-A-Car on October 1, paying $4, 600 ($1, 150/month). Record Rent-A-Car's adjusting entry on December

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Suppose a customer rents a vehicle for four months from Rent-A-Car on October 1, paying $4, 600 ($1, 150/month). Record Rent-A-Car's adjusting entry on December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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