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Your company is a fitness center. On December 1, 2015, a customer pays $600 for...

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Accounting

Your company is a fitness center. On December 1, 2015, a customer pays $600 for 1-year membership to the center. When you collected the cash, you credited Unearned Revenue, a liability account.

The adjusting journal entry on December 31, 2015 is:

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