Triple-A Accounting Services agreed to perform services for a client at a rate o...
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Triple-A Accounting Services agreed to perform services for a client at a rate of $2,000per month. A six-month prepayment was made in advance on October 1, 2016 andservices began on that date. December 31, 2016 is the end of Triple-A’s accounting year.What is the October 1, 2016 entry to record the prepayment?
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