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During 2 0 2 0 , Danico Construction started a new construction job with a contract price of $ 8 3 0 million. Danico has
During Danico Construction started a new construction job with a contract price of $
million. Danico has determined that revenue recognition over time based on the percentage of
completion is appropriate for this long term contract. The contract was completed on with
the following information $ in millions:
a Provide Danico's journal entries for transactions during and adjusting journal entries at In the left column, label journal entries JE and label adjusting journal entries AJE
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