A roofing company collects fees when jobs are complete. The work for one customer, whose job was bid at $3,400, has been completed as of December 31, but the customer has not yet been billed. Assuming adjustments are only made at year-end, what is the adjusting entry the company would need to make on December 31, the calendar year-end

Dr Accounts Receivable $3,400

Cr Roofing Fees Revenue $3,400

Explanation:

The revenue must be recognized in the books of accounts when it earned and when the part of contract that the company must fulfill has been fulfilled (Consideration of contract has been delivered). In this case, the consideration of the job was deliverd to the customer in the year hence the revenue must be recognized in the same year and the journal entry would be:

Dr Accounts Receivable $3,400

Cr Roofing Fees Revenue $3,400

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.