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Customers were billed for $800 for work completed. The Service Revenue unadjusted balance as of...

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Question

Accounting

Customers were billed for $800 for work completed. The Service Revenue unadjusted balance as of December 31 is $6,300.
Adjustment Type:
Accounts Receivable
Service Revenue
A two year insurance policy for $1,320 was purchased on November 1 of the current year. Record the transaction for the year ended December 31.
Adjustment Type:
Insurance Expense
Prepaid Insurance
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