On september 1, capitol maintenance company contracted to provide monthly maintenance services for the next nine months at a rate of $2400 per month. the client paid capitol $21,600 on september 1. the maintenance services began on that date. assuming capitol records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on december 31?

James is an employee in the widget inspection department of xyz systems, a government contractor. james was part of a 3-person inspection team that found a particular batch of widgets did not meet the exacting requirements of the u.s. government. in order to meet the tight deadline and avoid penalties under the contract, james' boss demanded that the batch of widgets be sent in fulfillment of the government contract. when james found out, he went to the vice president of the company and reported the situation. james was demoted by his boss, and no longer works on government projects. james has a: