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What would be the adjusting entry recorded on december

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Question - On September 1, Capitol Maintenance Company contracted to provide monthly maintenance services for the next nine months at a rate of $2,400 per month. The client paid Capitol $21,600 on September 1. The maintenance services began on that date. Assuming Capitol records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on December 31?

Reference no: EM131960602

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