Accounting Assignment | College Homework Help

2000 720,000 Costs incurred during the year Estimated future costs Customer billings during the year Collections during the year 1998 560,000 1,040,000 300,000 240,000 1999 840,000 700,000 500,000 500,000 1,200,000 1,240,000 The contract price is $2 million. Prepare journal entriesCollege Homework Help i. when recognizing revenue under completed contract when recognizing revenue over time according to percentage-of-completion iiw Get Accounting Homework Help Today

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