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Contract Asset/Liability 10/6400 Materials, Cash, Payables (To record cost of construction) Accounts Receivable 957000 Contract Asset/Liability (To record progress billings) Cash Accounts Receivable (To
Contract Asset/Liability 10/6400 Materials, Cash, Payables (To record cost of construction) Accounts Receivable 957000 Contract Asset/Liability (To record progress billings) Cash Accounts Receivable (To record collections) Contract Asset/Liability Revenue from Long-Term Contracts (To record revenues) Construction Expenses Contract Asset/Liability To record.construction expensel 803880 1076400 1076400 1076400 957000 803880 1076400 1076400
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Introduction to Governmental and Not for Profit Accounting
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
7th edition
9780132776073, 132776014, 978-0132776011
