4 of 4 Shaw He Current Attempt in Progress Ext 176,000 24.000 200 4000 1000 Collections to e 251300 L000 Textbook and Med List of Acc progres ok and Media 3023 5/15 During 2023, Blossom Company started a construction job with a contract price of $1.536,000. The job was completed in 2025. The following information is available. The contract is non-cancellable. 2023 2024 2025 Costs incurred to date $384,000 $792,000 $1,027,200 Estimated costs to complete 576,000 264,000 0 Billings to date (non-refundable) 288,000 864,000 1,536,000 Collections to date 259,200 777,600 1,368,000 Prepare all necessary journal entries for 2024. (Use Materials, Cash, Payables for costs incurred to date.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Material Debit Credit Cash (To record cost of construction) Accounts Receivable Billings on Construction in Process (To record progress billings) Cash Accounts Receivable (To record collections) Construction in Process Revenue from Consignment Sales (To record revenues) Construction Expenses Construction in Process (To record construction expenses)