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Sandhill Construction Compary uses the percentage-of-completion method of accounting. In 2023. Sandhil began work under a nancancellable contract #E2-D2, which provided for a contract price
Sandhill Construction Compary uses the percentage-of-completion method of accounting. In 2023. Sandhil began work under a nancancellable contract \#E2-D2, which provided for a contract price of $2 , 159 , 000 . Other detais follow: (a) How much revenux shauld be recognized in 2023? in 2024? Your answer is correct. How much revenue should be recognized in 2023 ? in 2024 ? Assuming the same facts as those above except that Sandhill uses the completed-contract method of accounting, how much revenue should be recognized in 2024? Prepare a complete set of journal entries for 2023 (using the percentage-of-completion method. Use Materiais, Cash. Pavables for costs incurred to date.). (Credit account titles are automaticolly indented when amount is entered. Do not indent manuallik if no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries. Question 2 of 4 20/30 ? ? (To recora progress bimings) (To record collections) (To record revenues) (To record construction expenses) eTextbook and Media List of Accounts Save for Lutar
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