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What a credit to unearned revenue of

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Problem 1: On February 1, 20x1 the Abdoll business paid Fraser $5,726 cash to complete a renovation on their property starting in May 20x1 and ending August 31,20x1. Both parties agreed to the work being completed in equal parts over the summer. Fraser's year-end is June 30, 20x1. Assuming the initial entry made on February 1, 20x1 by Fraser was a credit of $5,726 to revenue, the following adjusting entry is required on June 30, 20x1. A credit to unearned revenue of (round to the nearest whole dollar):

Reference no: EM133011295

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