Argyle Designs, Inc. has entered into a contract to design 4

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.
Indicate whether the statement is true or false

ANSWER

FALSE