Business, 09.06.2020 19:57 jenadkrson62

An advance payment of $1,000 for services was received on December 1 and was recorded as a liability. By the end of the year, $400 has been earned. What is the correct adjusting entry that should be include?

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An advance payment of $1,000 for services was received on December 1 and was recorded as a liability...

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