T
CFA Level 1 Exam
3959 Questions
Question No. 1
Sparten, Inc., a plumbing contractor, received a check for $3,000 on June 29 for services to be performed in
the following fiscal month. During the July accounting period, Sparten completed all but $500 of the job. What adjusting entry needs to be made at the end of July?
Choose the correct option from the given list.
01 / 3959