Business, 28.12.2019 06:31 Jamiesun9222
Arizona desert homes (adh) constructed a new subdivision during 2017 and 2018 under contract with cactus development co. relevant data are summarized below: contract amount $ 2,550,000 cost: 2017 1,100,000 2018 500,000 gross profit: 2017 650,000 2018 300,000 contract billings: 2017 1,275,000 2018 1,275,000 adh recognizes revenue upon completion of the contract. what is the journal entry in 2018 to record revenue?
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