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1 e . If this construction contract had not qualified for revenue recognition over time, what would Danico have recorded for adjusting journal entries in

1e. If this construction contract had not qualified for revenue recognition over time, what would
Danico have recorded for adjusting journal entries in 2020,2021? Reminder:
Explanations/calculations are required. (Assume all journal entries in 2020 and 2021 were properly
recorded.)
1f. If this construction contract had not qualified for revenue recognition over time, what would
Danico have recorded in 2022 at completion of the contract? (Assume journal entries,for transactions
prior to completion, were properly recorded.) Reminder: Explanations/calculations are required (T-
accounts might be helpful to support answer here).
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