2A-2C journal entries

Required information The following information applies to the questions displayed below) In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows: 2021 $2,400,000 $2,400,00 2022 $3,600,000 2023 $2,200,000 5,600,000 2,000,000 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2,000,000 1,800,000 4,000,000 3,600,000 4,000,000 4,600,000 Westgate recognizes revenue over time according to percentage of completion. 2-a. In the journal below, complete the necessary journal entries for the year 2021 (credit "Various accounts for construction costs incurred). 2-b. In the journal below, complete the necessary journal entries for the year 2022 (credit "Various accounts for construction costs incurred) 2-c. In the journal below, complete the necessary journal entries for the year 2023 (credit "Various accounts for construction costs incurred) Journal entry worksheet 2 3 4 Record construction costs. Note: Enter debits before credits. Date General Journal Debit Credit 2021 Record entry Clear entry View general journal Journal entry worksheet Record progress billings. Note: Enter debits before credits. General Journal Debit Credit Date 2021 L . Record entry Clear entry View general journal Journal entry worksheet