, Ariona Desen Hornes (ADH) constructed n new bdivision during 2017 mid contrat with ('actus Development Co Relevant data are sumimarized below Cou Giross profit Contract billings S 3,000,00 2017 2018 2017 2018 2017 2018 1,200,000 600,000 800,000 400,000 1.500,000 1500,000 ADH recognizes revenue over time with respect to these contracts What would be the journal entry made in 2017 to record revenue? Crross ong-tem con C) nstructio Revenue from long-term con 500,000 Accounts receivable Billings in excess of cost 800.000 Revenue for long-term contracts 2) Companies recognize revenue only when A) A contract is reasonably likely to exist. en contract D) Control over goods or services has been transferred from the seller to the customer 3 of 18