accounting task

Project Description:

i need you to show me in a step by step process on how to do the computation and the journal entries. you can make up the numbers to make it into an example as long as it can help me solve this problem. also, it has to do with the 2014 fasb update. i sent you a picture of a sheet that could possibly help you solve the problem. please try to make the explanation simple and easy to understand with as much detail as you could allow.

this case due in 7 hours.
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Price Type: Fixed

Project Budget: $0 to $10
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