Required:

$1.$&$2.$ Record the necessary entries in the Journal Entry Worksheet below.

Calculate the year$-$end adjusted balances of Deferred Revenue and Service Revenue $($assuming the balance of Deferred

Revenue at the beginning of the year is $$0).$

Complete this question by entering your answers in the tabs below.

Required $1$

and $2$

Record the necessary entries in the Journal Entry Worksheet below. $($If no entry is required for a particular transaction$/$event$,$ select $"$No

Journal Entry Required" in the first account field.$)$

Journal entry worksheet

Record the rental of a vehicle to a customer for three months, receiving cash

of month$)$ on November $1.$

Note: Enter debits before credits.