Question: On November 28, 2021, Shocker receives a $3,450 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue

On November 28, 2021, Shocker receives a $3,450 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited.

What is the year-end adjusting entry?

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