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Vladimir Corporation had Unearned Service Revenues in the amount of $750,000. Service contracts in the amount of $220,000 were earned during 2020. Required: Prepare the

Vladimir Corporation had Unearned Service Revenues in the amount of $750,000. Service contracts in the amount of $220,000 were earned during 2020.

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Prepare the adjusting journal entry that is required at December 31, 2020?

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