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Required information [The following information applies to the questions displayed below) Costanza Company experienced the following events and transactions during July July 1 Received 54,400

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Required information [The following information applies to the questions displayed below) Costanza Company experienced the following events and transactions during July July 1 Received 54,400 cash in advance of performing work for Vivian Solana. 6 Received 57,400 cash in advance of performing work for Iris Haru. 12 Completed the job for Solana. Il Received 55,200 cash in advance of performing work for Anina Jordan 27 Completed the job for Haru. 31 None of the work for Jordan has been performed. b. Prepare journal entries (including any adjusting entries as of the July 31 month-end) to record these events using the alternative procedure of initially crediting the Fees Eamed account when payment is recelved from a customer in advance of performing services (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Required information Journal entry worksheet Completed the job for Solana. Note: Enter debits before credits. Date General Journal Debit Credit July 12 Record entry Clear entry View general journal Required information Journal entry worksheet None of the work for Jordan has been performed. Note: Enter debits before credits. General Journal Debit Credit Date July 31 Record entry Clear entry View general journal Required information The following information applies to the questions displayed below) Costanza Company experienced the following events and transactions during July July 1 Received $4,400 cash in advance of performing work for Vivian Solano 6 Received $7,400 cash in advance of performing work for Iris Haru. 12 Completed the job for Solana 18 Received 38,200 cash in advance of performing work for Anina Jordan 27 Completed the fob for Haru. 31 None of the work for Jordan has been performed. c. Under each method, determine the amount of earned fees reported on the income statement for July and the amount of uneared fees reported on the balance sheet as of July 31. Under the first mothod Under the pocond method Unearned fees Fees earned

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