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Question content area top Part 1 Jefferson, CPAs provides accounting services for a client at...

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Accounting

Question content area top Part 1 Jefferson, CPAs provides accounting services for a client at a flat contract rate of $10,000 a month. The terms of the contract include a required payment on the 15th day of each month for the prior month's accounting services. Assuming Jefferson, CPAs post journal entries each month end, what is (are) the journal entry (entries) posted on December 31?

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