Corrections Services sells service plans for commercial computer maintenance.The price for each plan is $1,350 per year,paid in advance.On October 1,2016,a service plan was sold to a new customer for cash,and the plan covers the period October 1,2016 to September 30,2017.Adjusting entries are made on December 31 of each year.Prepare the journal entry for September 30,2017.
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