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Suppose a customer rents a vehicle for three months from Commodores Rental on November 1, paying $5,700 ($1,900/month) Journal entry worksheet 2 Record the rental
Suppose a customer rents a vehicle for three months from Commodores Rental on November 1, paying $5,700 ($1,900/month) Journal entry worksheet 2 Record the rental for Commodores on November 1 Note: Enter debits before credits. Date November 01 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 2 Record adjusting entry on December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal 3. Calculate the year-end adjusted balances of the Deferred Revenue and Service Revenue accounts (assuming the balance of Deferred Revenue at the beginning of the year is $0) Ending Balance Deferred revenue Service revenue
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