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A roofing company collects payment when jobs are complete. The work for one customer, whose job was bid at $4,900, has been completed as of
- A roofing company collects payment when jobs are complete. The work for one customer, whose job was bid at $4,900, has been completed as of December 31, but the customer has not yet been billed.
- Assuming adjustments are only made at year-end, what is the adjusting entry the company would need to make on December 31, the calendar year-end?
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
