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On September 1, Advantage Maintenance Company contracted to provide monthly maintenance services for the next nine months at a rate of $2,200 per month.
On September 1, Advantage Maintenance Company contracted to provide monthly maintenance services for the next nine months at a rate of $2,200 per month. The client paid Advantage $19,800 on September 1. The maintenance services began on that date. Assuming Advantage records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on December 31? UA. No ey is needed since revenue was recurved on B. Debit Service Revenue and credit Unearned Revenue for $19,800. C. Debit Unearned Revenue and credit Service Revenue for $8,800. nahit Canden Dauneus and credit Llenamed Daunnus for $11
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