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H Inc. received $30,000 on April 1, 2021 to provide services over the next three years beginning on the date of cash receipt. Prepare journal

H Inc. received $30,000 on April 1, 2021 to provide services over the next three years beginning on the date of cash receipt.

  1. Prepare journal entries on the date of this transaction
    DEBIT CREDIT
  2. Prepare adjusting entries on 31 Dec 2021
    DEBIT CREDIT

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