302 In X wNWP Assessment Buil X WPNWP Assessment Play X (Grades-AC302 Intern X html?launchld-edcaa0aa-3baa-4e15-aada-05bfc2664ec9#/question/2 uestion 3 of 6 ew Policies now Attempt History Current Attempt in Progress < Your answer is partially correct. (a) No. Account Titles and Explanation (b) Oriole Construction Company began work on a $420,000 construction contract in 2025. During 2025, Oriole incurred costs of $264,500, billed its customer for $207,000, and collected $179,500. At December 31, 2025, the estimated additional costs to complete the project total $159,650. Prepare Oriole's journal entry to record profit or loss, if any, using (a) the percentage-of-completion method and (b) the cost-recovery method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275. List all debit entries before credit entries. Do not round intermediate calculations.) Construction Expenses construction in process Revenue from Long-Term Contracts Loss from Long-Term Contracts. Construction in Process eTextbook and Media List of Accounts DELL Debit Unit 4 Lab - AC302 Int x 260350 4150 wa NWP Assessment B 8/10 E Credit 4150 218843 4150 *** Assistance Used