Prepare all journal entries necessary to reflect the use of the percentage- of completion method in 2015
Question:
In Be8-18
Contract price$85,000
2015
Actual construction costs incurred during the year $12,000
Progress billings made during in year $30,500
Cash collections during the year $25,000
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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