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Our company signed a contract on June 15, 2018, to perform services beginning on June 16. We will earn $12,000 per month and receive payment

Our company signed a contract on June 15, 2018, to perform services beginning on June 16. We will earn $12,000 per month and receive payment for our first months services on July 15, 2018. What dollar amount of service revenue should we record on our June 30, 2018 adjusting entry?

$12,000

$6,000

$1,200

$0

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