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ance payment of $1,000 for services was received on December 1 and was recorded as a liability. By the end of the year, $400 had
ance payment of
$1,000
for services was received on December 1 and was recorded as a liability. By the end of the year,
$400
had been earned. istrate the December 31 adjusting entry by choosing the correct statement below.\ Credit Unearned revenues for
$400
.\ Debit Service revenue for
$400
.\ Debit Unearned revenues for
$600
.\ Debit Unearned revenues for
$400
.
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