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and if you know what next parts are please do them as well. Cullumber Construction inc, which has a calendar year end, has entered into

and if you know what next parts are please do them as well. image text in transcribed
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image text in transcribed
image text in transcribed
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Cullumber Construction inc, which has a calendar year end, has entered into a non-cancellable fixed-price contract for 52.7 million beginning September 1,2023, to bulld a rond for a munlicipalfy, tt has been estimated that the road construction will be complete by June 2025. The following data pertain to the construction period. (a) Using the percentage-of-conpletion method, caiculate the estinated gross probit that wowld be recognined during each vear of the construction period. (Enter negative amounts using either a negotive sign precosins the number es 45 or parentheseres (45) Pound annwers to 0 decimai ploces es. 5.275.) Using the percentage-of-completion thethod, prepare the journal entries for 2023 . Use Materiak. C.ash, Pavables for conts incurred to date Y Credlit eccount titles are automatically indented when amount is entered. Do not indent manually if no entry is

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