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please help with PART B Your answer is correct. Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is
please help with PART B
Your answer is correct. Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. Gross profit recognized in 2025 Gross profit recognized in 2026 Gross profit recognized in 2027 repare all necessary journal entries for 2026. (Credit occount titles are outomotically indented when amount is entered. Do not indent manually, If no entry is i tccount tittes and enter o for the omounts. For costs incurred use account Materials, Cash, Payables. List all debit entries before credit entries). During 2025. Pharoah Company started a construction job with a contract price of $1,620,000. The job was completed in 2027 . The following information is available Step by Step Solution
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