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If Company Z sells annual memberships for $1,200 on January 1 that are good for services provided from January 1 thru December 31 of that

If Company Z sells annual memberships for $1,200 on January 1 that are good for services provided from January 1 thru December 31 of that year, on July 31 what is the balance in their Deferred Revenue account?

a.500

b.700

c.0

d.1200

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