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On January 1, a customer paid X Company $25,800 in advance for cleaning services. The cleaning was going to be done once in January, once
On January 1, a customer paid X Company $25,800 in advance for cleaning services. The cleaning was going to be done once in January, once in February, once in March, and once in April. What will be the result of X Company's adjusting entry on January 31? O a $6,450 increase in Deferred Revenue on the Balance Sheet O a $6,450 decrease in Retained Earnings on the Balance Sheet revenue of $6,450 reported on the Income Statement O a $6,450 decrease in Cash on the Balance Sheet O a $6,450 increase in Cash on the Balance Sheet a balance of $6,450 in Deferred Revenue on the Balance Sheet Submit Answer Tries 0/99
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