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On December 1, ABC Company received $3,000 cash from a customer for 3 months of business services beginning December 1st. Prepare the journal entry to

On December 1, ABC Company received $3,000 cash from a customer for 3 months of business services beginning December 1st. Prepare the journal entry to record the receipt of the 3,000 and the adjusting entry required on December 31st.

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