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A customer pays Whiteclaw $ 2 , 2 2 0 on October 3 1 , 2 0 2 4 , for three months of personal

A customer pays Whiteclaw $

2, 220

on October

31, 2024,

for three months of personal training to begin November

1, 2024 .

Whiteclaw credits Deferred Revenue at the time of cash receipt.

Record the adjusting entry for deferred revenue at its year

-

end of December

31 .

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