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3. On March 1, a company received 3,000 cash from a client as an advance for 12 months' worth of delivery services. The company initially

3. On March 1, a company received 3,000 cash from a client as an advance for 12 months' worth of delivery services. The company initially recorded this receipt as a debit to cash and a credit to delivery service revenue. The adjusting entry on December 31 would be:

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