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Question 45 2 pts On October 1, Lemon Inc. received $480,000 in advance for membership services to be provided over the next 12 months.

Question 45 2 pts On October 1, Lemon Inc. received $480,000 in advance for membership services to be provided over the next 12 months. Assume Lemon Inc. records all adjusting journal entries at year-end on December 31. What amount should Unearned Revenue be credited for on October 1? $480,000 90 O $40,000 9

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