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Clean Sweep Contracted to Clean an Office Building in July

Question 85

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Clean Sweep contracted to clean an office building in July for $1,500.The work was contracted in July.The building was completely cleaned in August and Clean Sweep received a payment of $500.The remaining payment of $1,000 was received in September.Discuss how this event would be reported in the monthly financial statements for July,August and September.

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The financial records were not affected ...

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