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On November 30, 2019, Tate Company collected cash of $4,500 for work to be done evenly over the next three months beginning December 1, 2019.

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On November 30, 2019, Tate Company collected cash of $4,500 for work to be done evenly over the next three months beginning December 1, 2019. Assuming the company used the most appropriate journal entry to record this transaction on November 30th, the December 31, 2019 adjusting entry is debit Unearned Revenue and credit Service Revenue for $4,500, debit Unearned Revenue and credit Service Revenue for $1,500. debit Service Revenue and credit Unearned Revenue for $1,500. debit Cash and credit Service Revenue for $1,500

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