On September 1, Peterson Maintenance Company contracted to provide monthly maintenance services for the next eight months at a rate of $2600 per month. The client paid Peterson $20,800 on September 1. Assuming Peterson records deferred revenues using the alternative treatment, what would be the entry on September 1?
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Home » Business » On September 1, Peterson Maintenance Company contracted to provide monthly maintenance services for the next eight months at a rate of $2600 per month. The client paid Peterson $20,800 on September 1.