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Happy Chappy must provide a service to Smiles every month from 1 September 2 0 0 X to 2 8 February 2 0 0 Y

Happy Chappy must provide a service to Smiles every month from 1 September 200X to 28 February 200Y. The financial year end is 31 December. Happy Chappy received a total amount of R15000 for the services rendered. Assume that the income was earned in equal amounts over the period. What is the amount to be recorded as income received in advance?

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