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A company performs 20 days of work on a 30-day contract before the end of the year. The total contract is valued at $6,000

A company performs 20 days of work on a 30-day contract before the end of the year. The total contract is valued at $6,000 and payment will not be received until the contract is completed. The required adjusting entry includes a $4,000 debit to Unearned Revenue. 04926 True or False True False

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