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Khalil_Nancy_6

Khalil_Nancy_6 - Revenue recognized for 2011 3-Gross Profit...

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Assignment 6 Answer Sheet Remember to type your name on both all pages you submit so I can identify your work when grading it. Save your file with your last name and first name. Using the percentage-of-completion method compute the following: 1-Percent complete for 2010 and 2011. Percent complete 2010: Percent complete 2011: 2-Revenue recognized for 2010 and 2011. Revenue recognized for 2010:
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Unformatted text preview: Revenue recognized for 2011: 3-Gross Profit recognized for 2010 and 2011. Gross profit recognized for 2010: Gross profit recognized for 2010: 4-Prepare the journal entries for 2011. 2011 GL Account Debit Credit 5-Prepare a partial balance sheet for 2010 (Do not present the cash GL account). Acme Construction Company Partial Balance Sheet FYE December 31, 2010...
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  • Spring '09
  • JomoSankara
  • English-language films, Generally Accepted Accounting Principles, Double-entry bookkeeping system, partial balance sheet, 1-percent, Acme Construction Company

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