$23.$ Part C only i need it fast please i will upvote.

Jseph Finansial Senvices performs boskeeping and tax$-$reportirs services to startio companies in the Oconomovoc area. On January $1,2025,$ Jasph entered into & $2$ year service contract with Vaughn Tech Vaughn promises to pay $$10,200$ at the beginning of each year, which at contrat inception is the sta ndalone seliting price for these services. At the end of the second year, the contract is mod hed and the fee for the third year of servicas is reduced to $$8,000.$ In addition. Vaughn aswees to pay an additional $$20,400$ at the besinging of the thirs year to cover the contract for $3$ additional vears fie, $4$ years remain after the modification$).$ The extended contraet senvices are similar to those provides in the first $2$ years of the contract

$($a$)$

Your anawer has been zaved. See score datails after the due date.

Prspare the journal entries for Jossoh in $2025$ and $2026$ related to this sevice contract. $($Credit account tifles are automatically

Attempts: $1$ of $1$ used

$($b$)$

Your answer has besn saved Ses score det$-$ils aftar the due dete

Prepars the journal entrias for Joseph in $2027$ related to the madifisd senice contract, $2$ssuming a prospective apgroach $($Credit probieml

Llst of Accounts

Attempts: $1$ of $1$ used

$($c$)$

Repeat the requirsmants for part $($b$),$ assuming Joseph and Vaughn agres on a revised sat of services $($fewer bookleseing services but more tax services$)$ in the extended contract period and the modifcation results in a separate performance obligation. $($Ciedlit probitem$)$

Date Account Titles and Explanation