ACT3392SpringTraditionalHWCh18

ACT3392SpringTraditionalHWCh18 - HOMEWORK - SPRING 2010 ALL...

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HOMEWORK - SPRING 2010 ALL homework assignments must be completed by using some type of computer software program, e.g., word, excel. YOU WILL NOT RECEIVE FULL CREDIT FOR THE HOMEWORK UNLESS IT IS COMPLETED BY USING A COMPUTER. NO CREDIT WILL BE GIVEN FOR LATE HOMEWORK. When completing your homework assignments DO NOT use any abbreviations, e.g., spell out Governmental Accounting Standards Board instead of simply writing GASB. As discussed during class, you can work on these homework assignments in groups or as an individual. 1. (1.5 points) Dixon Construction Company was awarded a contract to construct an interchange at the junction of U.S. 94 and Highway 30 at a total contract price of $8,000,000. The estimated total costs to complete the project were $6,000,000. (a) Make the entry to record construction costs of $3,600,000, on construction in process to date. (b) Make the entry to record progress billings of $2,000,000. (c)
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ACT3392SpringTraditionalHWCh18 - HOMEWORK - SPRING 2010 ALL...

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