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19. Sanders Enterprises has a contract to provide financial preparation services for an area lawyers network. The base the calendar year, the are completed by

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19. Sanders Enterprises has a contract to provide financial preparation services for an area lawyers network. The base the calendar year, the are completed by January 13 of the following year. contract price is $84,000 annually, payable in monthly installments. At the end of rk will pay Sanders Enterprises an $18,000 bonus if the financial statements a. Assu me that Sanders Enterprises uses the expected amount method and anticipates that there is a 70% chan the bonus. Prepare the journal entry that Sanders will make at the end of each month. Assume that on January 16 of the following year, Sanders has not completed the financial statements. Prepare the appropriate jounal entry to reflect this fact. (6 points ce that the company will complete the financial statements by January 15 and receive b

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