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STATEMENT OF CONTRACT ACCOUNT Original Contract Value $ 16,879.00 Net Change by Change Orders Contract Value To Date Total Completed & Stored To Date O% comptete) Total Retainage (10%) Tolal Eamed Less Retainage

STATEMENT OF CONTRACT ACCOUNT Original Contract Value $ 16,879.00 Net Change by Change Orders Contract Value To Date Total Completed & Stored To Date O% comptete) Total Retainage (10%) Tolal Eamed Less Retainage

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me to calculate the final payment due. Work has been completed 100%.

STATEMENT OF CONTRACT ACCOUNT $ 16,879.00 $ 680.09 Original Contract Value Net Change by Change Orders $ 17,559.09 $ 15,803.18 $ 1,580.32 $14,222.86 Contract Value To Date Total Completed & Stored To Date (90 % complete) Total Retainage (10%) Total Earned Less Retainage Less Previous Certificates For Payment 0.0 CURRENT PAYMENT DUE $14.222.86 annte the actual
Transcribed Image Text:STATEMENT OF CONTRACT ACCOUNT $ 16,879.00 $ 680.09 Original Contract Value Net Change by Change Orders $ 17,559.09 $ 15,803.18 $ 1,580.32 $14,222.86 Contract Value To Date Total Completed & Stored To Date (90 % complete) Total Retainage (10%) Total Earned Less Retainage Less Previous Certificates For Payment 0.0 CURRENT PAYMENT DUE $14.222.86 annte the actual
STATEMENT OF CONTRACT ACCOUNT Original Contract Value $ 16,879.00 Net Change by Change Orders Contract Value To Date Total Completed & Stored To Date % comptete) Total Retainage (10%) Tolal Earmed Less Retainage Less Previous Certificates For Payment CURRENT PAYMENT DUE
Transcribed Image Text:STATEMENT OF CONTRACT ACCOUNT Original Contract Value $ 16,879.00 Net Change by Change Orders Contract Value To Date Total Completed & Stored To Date % comptete) Total Retainage (10%) Tolal Earmed Less Retainage Less Previous Certificates For Payment CURRENT PAYMENT DUE
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