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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 $3,600
Required information (The following information applies to the questions displayed below.) Costanza Company experienced the following events and transactions during July July 1 Received $3,600 cash in advance of performing work for Vivian Solana. 6 Received $6,400 cash in advance of performing work for Iris Haru. 12 Completed the job for Solana. 18 Received $8,106 cash in advance of performing work for Amina Jordan. 27 Completed the job 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 unearned fees reported on the balance sheet as of July 31 Under the first method Under the second method Unearned fees Fees earned
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