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Instructions Chart of Accounts General Journal Instructions (a) On December 1, $12,550 was received for a service contract to be performed from December 1 through

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Instructions Chart of Accounts General Journal Instructions (a) On December 1, $12,550 was received for a service contract to be performed from December 1 through April 30 (b) Assuming the work is performed evenly throughout the contract period, prepare the adjusting journal entry on December 31 Required Record journal entries for the above transactions. Refer to the Chart of Accounts for exact wording of account titles

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