Suppose a customer rents a vehicle for three months from Commodores Rental on November 1, paying $3,450 ($1,150/month).

Record the necessary entries in the Journal Entry Worksheet below.

Suppose a customer rents a vehicle for three months from Commodores Rental on November 1, paying $3,450 ($1,150/month). Record the rental from Commodores on November 1.

Date	General Journal	Debit	Credit
November 1st	?	3450
	?		3450

Calculate the year-end adjusted balances of the Unearned Revenue and Service Revenue accounts (assuming the balance of Unearned Revenue at the beginning of the year is $0).

	Ending Balance
Unearned Revenue	$?
Service Revenue	$?