(Solved): Required: Update account balances for the year-end information by recording any necessary adjusting ...
Required: Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been made in 2024. Prepare an adjusted trial balance as of December 31, 2024. Complete this question by entering your answers in the tabs below. Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been made in 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet 1 2 3 4 The balance of Prepaid Rent,
$5,760, represents payment on October 31 , 2024, for rent from November 1, 2024, to April 30, 2025. Record the adjusting entry on December 31 . Note: Enter debits before credits.
