Question
Best Builders constructed a new subdivision during 2 0 1 4 and 2 0 1 5 under contract with Town Stadium Co. Relevant data are
Best Buildersconstructed a new subdivision during2014and2015under contract with TownStadium Co.Relevant data are summarized below: contract amount 4.4
cost 2014 1.6
cost 2015 .8
billings 2014 2
billings 2015 2.4
Bestuses recognizes revenue over time for this contract.
What is the journal entry in2015to record revenue
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
