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On November 1,2018,a Company Receives $1,800 for Services to Be

Question 34

True/False

On November 1,2018,a company receives $1,800 for services to be provided evenly over the next six months.The December 31,2018,adjusting entry for the company would include a credit to Deferred Revenue for $600.The adjusting entry would involve a debit to Deferred Revenue and a credit to Service Revenue for $600.

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