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1. The summer camp program runs from the last week of June through the last week of August. Each camper pays in advance. Camp deposits
1.The summer camp program runs from the last week of June through the last week of August. Each camper pays in advance. Camp deposits started coming in about the beginning of March and as of June 30, 20X2, camp receipts collected in advance but not earned totaled $224,000.
oJournal Entry is required to adjust for the Unearned Revenue
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