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On September1, Capitol Maintenance Company contracted to provide monthly maintenance services for the next nine months at a rate of$2,400 per month. The client paid

On September1, Capitol Maintenance Company contracted to provide monthly maintenance services for the next nine months at a rate of$2,400 per month. The client paid Capitol$21,600 on September 1. The maintenance services began on that date. Assuming Capitol records deferred revenues using the alternativetreatment, what would be the adjusting entry recorded on December31?

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