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reference to show the ending balance of each account. A two year insurance policy for $2,640 was purchased on November 1 of the current year.

reference to show the ending balance of each account. A two year insurance policy for $2,640 was purchased on November 1 of the current year. Record the transaction for the year ended December 31. Adjustment Type: Customers were billed for $700 for work completed. The Service Revenue unadjusted balance as of December 31 is $6,800

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