Questiontallahassee builders inc signed a contract to

Assignment Help Financial Accounting

Reference no: EM13348414

Question:

Tallahassee Builders, Inc. signed a contract to prepare a certain project for $4,000. In 2010, $800 of cost was incurred and $400 was billed to the customer and collected. At the end of 2010, it was evaluated that it would take $2,400 to complete the project. In 2011, actual additional costs to complete the project amounted to $2,600. The remainder of the contract price was billed in 2011 and collected.

Prepare journal entries for 2010 using the Completed-contract method.

Reference no: EM13348414

Questions Cloud

Questiongenerate a time class which holds following : questiongenerate a time class which holds following information-hourminutesecondcreate a date class which holds the

Questionsoftware biotechnology and information technology : questionsoftware biotechnology and information technology hardware industries are examples of type of knowledge

Questionsuppose that stack is the class explained in this : questionsuppose that stack is the class explained in this section with stacktype set to int and stackcapacity or

Questioncomplete the subsequent tax returns 1040 and : questioncomplete the subsequent tax returns 1040 and schedule a.following is a list of information for amy jones and

Questiontallahassee builders inc signed a contract to : questiontallahassee builders inc. signed a contract to prepare a certain project for 4000. in 2010 800 of cost was

Question 1a during an occupational hygiene assessmentsurvey : question 1a during an occupational hygiene assessmentsurvey you identify a risk to health. describe briefly what

Questionon march 1 2008 jackie chan company sold its 5 year : questionon march 1 2008 jackie chan company sold its 5 year 1000 face value 9 bonds dated march 1 2008 at an effective

Questionpeak performance inc reported total income of : questionpeak performance inc. reported total income of 250000 for the year ended december 31 2009. peak performance

Questionthe farmer companys comparative balance sheets for : questionthe farmer companys comparative balance sheets for 2010 and 2011 and additional information are presented

User Account

All Pages