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On September 1 2012 legal services associates (LSA) collected $1200 in exchange for an agreement to provide services for a period of one year beginning

On September 1 2012 legal services associates (LSA) collected $1200 in exchange for an agreement to provide services for a period of one year beginning immediately. On its December 31 2012 balance sheet LSA would report Liabilities of:

a.300 b.800 c.1200 d.400

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