Argyle Designs,Inc

question 112

True/False

Argyle Designs,Inc.has entered into a contract to design 40 new dresses for a customer.It will collect a total of $40,000 after the design services are complete.Argyle started design work on June 1.As of June 30,it finished 8 of the 40 designs.The company will make an adjusting entry at the end of June to accrue $10,000 of service revenue.