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On November 1st, Secure Home Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12,000

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On November 1st, Secure Home Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12,000 from a client to provide security monitoring services to the client over the next 3 months. What is the balance in the deferred revenue account on December 31st after the required adjusting entry

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