Question: On November 1 , 2 0 2 4 , the company received $ 9 , 3 0 0 in cash from a customer requesting

 On November 1, 2024, the company received $9,300 in cash from a customer requesting a custom design for six identical bikes ($1,550 each). Deferred Revenue was credited for the entire amount on November 1. By the end of the year, four of the bikes have been completed. Prepare the adjusting entry at December 31.  

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