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QUESTION

On November 1, Coker Company received $6,000 from a customer for legal services to be performed over the next three months.

On November 1, Coker Company received $6,000 from a customer for legal services to be performed over the next three months. On December 31, after all adjusting entries are made, the balance sheet should report what amount of unearned revenue?

a. $6,000

b. $2,000

c. $4,000

d. $0

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