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On August 1 of the current year, Jamie Simmons received $5,400 for legal services to be performed evenly throughout the next six months. An adjusted trial balance prepared on December 31 of the current year will show a credit balance in Unearned Revenue in the amount of:
Legal Rights
Entitlements granted by legal systems or by virtue of legal statutes that are enforceable through the court system.
Order Of A Court
A directive issued by a judge or a court that requires parties to do or not do something.
Formal Procedures
Established methods and protocols prescribed by an organization or system, often legal or governmental, for carrying out activities or resolving disputes.
Formally Approved
Officially sanctioned or authorized by a recognized authority.
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