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Make Surry Journal Entries

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Reference no: EM132462673

Problem - 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

Required - Make Surry's 2018 Journal Entries using the Percentage of Completion Method.

Reference no: EM132462673

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