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26 On November 1, 2020, J&J Inc. received $12,000 from a customer for services to be performed evenly over the period November 1, 2020 -

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26 On November 1, 2020, J&J Inc. received $12,000 from a customer for services to be performed evenly over the period November 1, 2020 - January 31, 2021. What adjusting entry should J&J record on December 31, 2020? Assume that no other adjusting entries have been recorded yet this year. & 02:36:55 Multiple Choice dr. Service revenue: 12,000 cr. Cash: 12,000 dr. Deferred service revenue: 8,000 cr. Service revenue: 8000 dr. Cash: 8,000 cr. Deferred service revenue: 8.000 dr. Cash: 12,000 cr. Service revenue: 12,000

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