Suppose a customer rents a vehicle for three months from Commodores Rental on November 1, paying $4,500 ($1,500/month).
(1) Record the rental for Commodores on November 1.
(2) Record the adjusting entry on December 31.
(3) 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)?