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Suppose a customer rents a vehicle for three months from Commodores Rental on November 1, paying $5,550 ($1.850/month). Required: 1.82 Record the necessary entries in

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Suppose a customer rents a vehicle for three months from Commodores Rental on November 1, paying $5,550 ($1.850/month). Required: 1.82 Record the necessary entries in the Journal Entry Worksheet below. 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). Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Workshoirt below. (Ir no entry is required for a particular transaction/event, select "No Joumal Entry Required on the first con Good NO Dato General Journal Debit Credit 1 November 01 Cash Delurred Revenue 5.650 5.550 2 December 31 Defetred Revenue 1.850 83 Setvice Ruvud 1.850 Required 3 > Suppose a customer rents a vehicle for three months from Commodores Rental on November 1, paying $5,550 ($1,850/month). Required: 1.82. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balonces of the Deferred Revenue and Service Revenue accounts (assuming the balance of Deferred Revenue at the beginning of the year is $0). Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 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 30). Deferred revenue Service revenue Ending Balance 5 3.700 5 6.400 3

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