On september 1, capitol maintenance company contracted to provide monthly maintenance services for the next nine months at a rate of $2400 per month. the client paid capitol $21,600 on september 1. the maintenance services began on that date. assuming capitol records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on december 31?
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Ответ:
Monthly maintenance services for the next nine months at a rate of $2400 per month
The client paid capitol $21,600 on September 1
The adjusting entry recorded on December31will be that the debit service revenue and credit unearned revenue for $12,000.
Ответ:
ok
Explanation: