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a. Calculate the amount of service revenue earned as of December 31. b. Prepare the adjusting journal entry required at December 31. Question 13 (3

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a. Calculate the amount of service revenue earned as of December 31. b. Prepare the adjusting journal entry required at December 31. Question 13 (3 points) On November 20, ACME Corporation received $8,000 cash in advance from various customers for services starting December 1 . At December 31,$2,700 of those services had not yet been provided. ACME Corporation has a December 31 year-end and adjusted its accounts annually. REQUIRED: a. Calculate the amount of service revenue earned as of December 31. b. Prepare the adjusting journal entry required at December 31

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