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Give the adjusting entry at the end of the month

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Reference no: EM132908833

A Law firm has been hired on December 15 to provide legal services to a client and advance payment of P50,000.00 is made. Scenario: As of December 31, no service the law firm has yet been provided and no billing statement has been prepared and send to the client.

Problem 1: Give the Adjusting (Journal) Entry at the end of the month.

Reference no: EM132908833

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