Question: On December 1 , Year 1 , Jack's Snow Removal Company received $ 9 6 0 0 of cash in advance from a customer and

On December

1,

Year

1,

Jack's Snow Removal Company received $

9600

of cash in advance from a customer and promised to provide services for that customer during the months of December, January, and February. How will the Year

1

year

-

end adjustment to recognize the partial expiration of the contract impact the elements of the financial statements model?

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