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Adjusting Entries: Unearned Revenue
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Problem 4
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Problem 6
Adjusting Entries: Unearned Revenue
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3. Accrual Accounting Concepts / Adjusting Entries: Unearned Revenue / Problem 4
Problem 4
A client prepaid \$2,400 for a 12-month service contract. After 3 months, how much revenue should be recognized?
A
\$1,200
B
\$2,400
C
\$300
D
\$600
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