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Jefferson, CPAs provides accounting services for a client at a flat contract rate of$10,000 a month. The terms of the contract include a required payment

Jefferson, CPAs provides accounting services for a client at a flat contract rate of$10,000 a month. The terms of the contract include a required payment on the 15th day of each month for the priormonth's accounting services. AssumingJefferson, CPAs post journal entries each monthend, what is(are) the journal entry(entries) posted on December31?

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