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Adriel Construction received a prepayment of $600,000 in March 2015 for a new building project. The project is 75% complete at financial year-end. Record the

Adriel Construction received a prepayment of $600,000 in March 2015 for a new building project. The project is 75% complete at financial year-end. Record the adjusting entry for financial year ending June 30, 2014 for Adriel.

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