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Record journal entries for the following transactions.
(a) On December 1, $18,000 was received for a service contract to be performed from December 1 through April 30.
(b) Assuming the work is performed evenly throughout the contract period, prepare the adjusting journal entry on December 31.
Self-concept
Self-concept is an individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's identity, abilities, and values.
Ideal Self
A person's conception of how they would like to be, often serving as a motivational guide for behavior and self-improvement.
Unconscious Mind
A section of the psyche responsible for holding emotions, ideas, impulses, and recollections that are not in the realm of our conscious perception.
Dreams
Dreams are the series of thoughts, images, and sensations occurring in a person's mind during sleep.
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