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Help Save&Exit Submt Arizona Desert Homes (ADH) constructed a new subdivision during 2017 and 2018 under contract with Cactus Development Co. Relevant data are summarized

Help Save&Exit Submt Arizona Desert Homes (ADH) constructed a new subdivision during 2017 and 2018 under contract with Cactus Development Co. Relevant data are summarized below Contract amount Costi 2,595,000 2017 ,110,000 $10,000 2017 665,000 310,000 Contract billings: 2017 1,297,500 2018 1,297,500 Gross profit: 2018 ADH recognizes revenue upon completion of the contract What is the journal entry in 2018 to recoed revenue? Mutiple Choice MacBook Air 5

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