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A company receives $1,800 on November 1st, 2019 for services to be provided evenly over...

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Accounting

A company receives $1,800 on November 1st, 2019 for services to be provided evenly over the next six months.On December 31st, 2019 adjusting entry for the company would include a credit to Deferred Revenue for $600. True/False? Why?

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