8 Brief Exercise 3-10 Record the adjusting entry for deferred revenue (LO3-3) Suppose a customer rents a vehicle for three months from Commodores Rental on November 1, paying $4,950 ($1,650/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). Hook Complete this question by entering your answers in the tabs below. ciences Required: and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Joumat Entry Required in the first account Meld.) View transaction list View journal entry worksheet No Goneral Journal Dato November 01 Debil Credit 1 4,950 Cash Deferred Revenue 4,950 2 December 31 Deferred Revenge Service Revenue Help Required 3 >