Question: On December 2 7 , Milligan Cleaning provided services to a customer. As of December 3 1 , Milligan has not yet collected cash or

On December

27,

Milligan Cleaning provided services to a customer. As of December

31,

Milligan has not yet collected cash or billed the customer, but expects to receive cash in January. What are the effects of the necessary adjustment on December

31

for cash to be received in the future?

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