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Unadjusted Balance: Deferred Revenue: 13500 On November 1, Fiona received $13,500 from a client for outsourced customer services that started November 1, Year 8 and
Unadjusted Balance:
Deferred Revenue: 13500
On November 1, Fiona received $13,500 from a client for outsourced customer services that started November 1, Year 8 and ends March 31, Year9. Fiona recorded the credit for this transaction as deferred revenue. Fiona's contracted responsibility is to provide customer service for the client for 5 months. The services are provided equally over the 5 monthly periods.
What is the adjusted balance in the deferred revenue account at 12/31/Year8? [deferred]
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