Question
Surry Inc started work on a $6,466,000 contract in 2018. During 2018- Current costs = $1,547,340 Billing = $1,085,000 Collections =$1,013,000 Costs To Complete =
Surry Inc started work on a $6,466,000 contract in 2018.
During 2018-
Current costs = $1,547,340
Billing = $1,085,000
Collections =$1,013,000
Costs To Complete = $3,003,660
Make Surry's 2018 Journal Entries using the Percentage of Completion Method
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Management Accounting
Authors: Anthony A Atkinson, Robert S Kaplan
5th Edition
136005314, 978-0136005315
