Refer to Practice 8-10. In addition to the percentage-of-completion information, the following information is available regarding billing
Question:
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Make the journal entries necessary to record the construction cost, the progress billings, and the cash collections in
(1) Year 1,
(2) Year 2, and
(3) Year3.
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1 Construction in Progress 100000 Materials Cash e...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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