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Lake View Associates accrued $7,000 of Service Revenue at December 31. Lake View Associates received $13, 500 on January 15, including the accrue revenue recorded

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Lake View Associates accrued $7,000 of Service Revenue at December 31. Lake View Associates received $13, 500 on January 15, including the accrue revenue recorded on December 31. 1. Record the adjusting entry to accrue Service Revenue. 2. Record the reversing entry. 3. Journalize the cash receipt

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