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Arizona Desert Homes (ADH) constructed a new subdivision during 2020 and 2021 under contract with Cactus Development Co. Relevant data are Summarlzed belowi ADH recognizes

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Arizona Desert Homes (ADH) constructed a new subdivision during 2020 and 2021 under contract with Cactus Development Co. Relevant data are Summarlzed belowi ADH recognizes revenue over time with respect to these contracts. For 2021 , what is the joumal entry to record revenue? \begin{tabular}{|l|r|r|} \hline Accounts receivable & 1,500,600 & \\ \hline Cost of construction & & 600,600 \\ \hline Gross profit & & 600,600 \\ \hline Deferred revenue & & 300,600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Accounts receivable & 1,500,000 & \\ \hline Revenue from long-term contracts & & 1,500,000 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Construction in progress & 400,600 & \\ \hline Cost of construction & 600,000 & \\ \hline Revenue from long-term contracts & & 1,000,000 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Cost of construction & 2,000,000 & \\ \hline Gross profit & 1,000,000 & \\ \hline Revenue from long-term contracts & & 3,000,000 \\ \hline \end{tabular}

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