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a. Tao Company receives $10, 100 cash in advance for four months of evenly planned legal services beginning on October 1. Tao records it by
a. Tao Company receives $10, 100 cash in advance for four months of evenly planned legal services beginning on October 1. Tao records it by debiting Cash and crediting Unearned Revenue both for $10, 100. It is now December 31, and Tao has provided legal services as planned. What adjusting entry should Tao make to account for the work performed from October 1 through December 31
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A History Of Accountancy In The United States
Authors: Gary John Previts, Barbara Dubis Merino
98th Edition
0814207286, 978-0814207284
