1
Q
Percentage of Completion Method Entry
A
DR: Construction in Progress
CR: Cash / Accounts Payable
DR: Accounts Receivable
CR: Progress Billings
DR: Construction in Progress
CR: Current Gross Profit
2
Q
Completed Contract Method Entry
A
DR: Construction in Progress
CR: Cash / Accounts Payable
DR: Accounts Receivable
CR: Progress Billings
FAR Journal Entries
flashcards
Decks in class (13)
# Cards
-
Bonds14
-
Stock Options4
-
Stock Dividends3
-
Distributions to Shareholders5
-
Accounting for Stock Issuance4
-
Treasury Stock (Par Value Method (5%) vs Cost Method (95%))6
-
Investments7
-
Revenue Recognition2
-
Income Taxes2
-
Consolidation5
-
Foreign Currency Transactions and Translations3
-
Non Monetary Exchanges1
-
Partnerships1
