How was part b found, specifically the amount 3,000?

11. Accrued Revenue: An electrical company provides services for a new building at a rate of $50 per hour. Once completed, the owner of the building will pay for the total amount of hours worked. By the end of the year, the electrical company has worked 150 hours at the building and expects to finish the project after working an additional 50 hours in the next period. a. Compute the accrued revenue the electrical company should record. $7,500; 150 hours * $50/hour Although the electrical company expects to spend 200 hours in total for the project, it can only record the amount of accrued revenue to date. The additional 50 hours will be recorded in the next period. b. Journalize the adjusting entry to record the asset. Accounts Receivable 3,000 Fees Earned 3,000