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Total Assets 1 400,000 385,000 350,000 60. On December 14 Branch Company received $3,100 cash for consulting services that will be completed on January 12.

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Total Assets 1 400,000 385,000 350,000 60. On December 14 Branch Company received $3,100 cash for consulting services that will be completed on January 12. Branch records all such prepayments by customers in a liability account. Prepare the January 12 adjusting journal entry

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