Question: Zing Computing has a contract with a local business that began on July 1 of the current year. Zing Computing was contracted for a period

Zing Computing has a contract with a local business that began on July 1 of the current year. Zing Computing was contracted for a period of six months to assist the company in changing over to a new accounting system. The contract states that the client will be billed at the end of the term based on a $2,400 monthly rate.
Journalize the adjusting entry necessary for the year ended December 31.

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