Question
On October 1, a company received $17725 cash as a down payment on a consulting contract. The amount was credited to Unearned Consulting Revenue.
On October 1, a company received $17725 cash as a down payment on a consulting contract. The amount was credited to Unearned Consulting Revenue. by the year-end, 20% of the services required by the contract were completed. What will be the amount the company record as a consulting revenue from this contract at year-end? Note: Avoid using the $ or ','. If your answer is $10,000. write it as 10000 Note: Round to the neares 2 decimal places, where applicable.
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Fundamental Accounting Principles Volume II
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