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Record the adjusting entry on December

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Reference no: EM132699379

Question - On October 1, 2019, Sheldon Cooper was paid $324,000 cash for 450 hours of service to be completed within the next 9 months. On December 31, 2019, the physics research lab had fulfilled 257 of the required hours.

Required -

Record the Journal Entry on October 1, 2019.

Record the adjusting entry on December 31, 2019.

Reference no: EM132699379

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