The Orlando Company is involved in a three-year long-term contract. The following data relate to this contract:
Required:
Prepare the journal entries to reflect the percentage-of-completion method for each of the following:
2015 Entries 2016 Entries

Question

The Orlando Company is involved in a three-year long-term contract. The following data relate to this contract:  
Required:
Prepare the journal entries to reflect the percentage-of-completion method for each of the following:
2015 Entries  2016 Entries

Quizplus · Accepted Answer

The Answer of The Orlando Company is involved in a three-year long-term contract. The following data relate to this contract:  
Required:
Prepare the journal entries to reflect the percentage-of-completion method for each of the following:
2015 Entries  2016 Entries

The Orlando Company Is Involved in a Three-Year Long-Term Contract