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On July 31, 2020, Stewart Security was awarded a contract for $102,000 to provide 3,000...

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Accounting

On July 31, 2020, Stewart Security was awarded a contract for $102,000 to provide 3,000 hours of overnight security services to the city of Kaysville for the next 2 years. The full contract price was paid to Stewart on July 31. As of December 31, 2020, Stewart had spent 950 hours providing security services. What amount will Stewart report as a liability related to this contract on December 31, 2020? Note. Enter numbers only-- do not use a dollar sign ($) or comma.

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