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Robert's Painting Service Inc. Contracted a $90,000 painting job on Nov. 15 th . The customer paid $45,000 when the contract was signed. Robert recorded
Robert's Painting Service Inc. Contracted a $90,000 painting job on Nov. 15th. The customer paid $45,000 when the contract was signed. Robert recorded this money as Painting Revenue. As of December 31st 20%, of the job had been completed.Prepare the year end adjusting entry:
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