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Please show percentage of completion method. Please. Carefree Company has a contract to construct a $675,000 bridge at an estimated cost of $600,000. The contract
Please show percentage of completion method. Please.
Carefree Company has a contract to construct a $675,000 bridge at an estimated cost of $600,000. The contract is to start in July 2016 , and the bridge is to be completed in Oetober 2019. The following data pertain to the construction period. Prepare the journal entries for 2016, 2017, 2018, and 2019. (Round up percentages to whole numbers, e.g., round up 42.55% to 43% )Step by Step Solution
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