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What is the journal entry to record revenue

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Reference no: EM131801428

Best Builders constructed a new subdivision during 2014 and 2015 under contract with Town Stadium Co. Relevant data are summarized below:
contract amount 4.4

cost 2014 1.6

cost 2015 .8

billings 2014 2

billings 2015 2.4

Best uses recognizes revenue over time for this contract.

What is the journal entry in 2015 to record revenue

Reference no: EM131801428

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