_ , .. ___. _......_ ... _......_.. ....m....

m _. , , . ., ,_ .... 20x4
.....---................. ., ......,_ ..........._..
\Costs incurred during the year . P1,200,000 P3,675,000
Estimated costs to complete, 12/31 31 . 3,600,000 ,
Billings during theyear .. . . . . . . . . l',350;000 5,400,000,
Collections during
, the year
. . -- 900,000 5,850,000 ,
. _ _ ..., . .
. Credit
. .,____.. . to
. . . . . ,. . .franchise
. . . . . ,. . . . . . . . . . . . . . . . fee receivable for P27,000.
_________............. -
. Debit to unearned franchise fee revenue , for P36,000.
credit to franchise fee .
........._________ re venue for P9,000. ),
d. Debit to unearned franchise fee revenue for P27,000.
- . .c. , . .... ...
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, , . .

. . ,
- , -
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