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MUST SHOW WORK Requirement Make the journal entries for both of the following: On December 1, $12.500 was received for a service contract to be

MUST SHOW WORK

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Requirement Make the journal entries for both of the following: On December 1, $12.500 was received for a service contract to be performed from December 1 through until April 30 If the service work for this contract is performed evenly and on a regular basis throughout this period, prepare the adjusting journal entry as of year-end. December 31

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