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On November 1, 2018, Gabriel received $8,400 for services to be rendered over the next 6...

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Accounting

On November 1, 2018, Gabriel received $8,400 for services to berendered over the next 6 months and recorded it as DeferredRevenue. Record the adjusting entry at Dec. 31, 2018.

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Hey there Here we have to record accounting entry for Deferred Revenue First of all Deferred revenue is an amount that is received by an entity in advance even before the services are provided    See Answer
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Transcribed Image Text

On November 1, 2018, Gabriel received $8,400 for services to berendered over the next 6 months and recorded it as DeferredRevenue. Record the adjusting entry at Dec. 31, 2018.

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