Suppose a customer rents a vehicle for four months from Rent-A-Car on October 1 , paying $4,800 (\$1,200/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.) Journal entry worksheet Record Rent-A-Car's adjusting entry on December 31. Note: Enter debits before credits. A company receives a $650 utility bill for the current month but does not plan to pay the bill until early next month. Record the receipt of the utility bill using (a) accrual-basis accounting and (b) cash-basis accounting. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the receipt of the utility bill using accrual-basis accounting. Note: Enter debits before credits