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Review the following transactions and prepare any necessary journal entries for Benson Inc. On February 1, Benson Inc. receives an advance cash payment of $7,250

Review the following transactions and prepare any necessary journal entries for Benson Inc. On February 1, Benson Inc. receives an advance cash payment of $7,250 from a client for five months of legal services starting February 1. On May 31, Benson Inc. recognizes legal services provided since February 1.

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