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(a) On December 1, 18,000 was received for a service contact to be performed from December 1 through April 30. Journalize this event. Refer to
(a) On December 1, 18,000 was received for a service contact to be performed from December 1 through April 30. Journalize this event. Refer to the chart of accounts for exact wording. 
JOURNAL DATE DESCRIPTION POST. REF DEBIT (b) assuming the work is performed evenly throughout the contract period, prepare the adjusting journal entry on December 31.
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Cost Accounting
Authors: Srivastava Lal, Jawahar Lal
5th Edition
1259026523, 978-1259026522
