Suppose a customer rents a vehicle for three months from commodores rental on november 1, paying $3,750 ($1,250/month). record the necessary entries in the journal entry worksheet. 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).

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.