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ACC 330 Construction Company was the low biader on a construction project to build an earthen dam for $2.000,000. The proiect was beguin in 2022

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ACC 330 Construction Company was the low biader on a construction project to build an earthen dam for $2.000,000. The proiect was beguin in 2022 and completed in 2023 , Cost and ofher data are prosentod below: Assume that ACC 330 rocognizes revenue on this contract over time acoording to percentage of complation. Requlred: Prepare all joumal entries to record construction costs, billings, collections, protit recognioion, and any ober entries foe the periods 2022 and 2023

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