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Arizona Dosert Homes (ADH) constructed a new subdivision during 2023 and 2024 under contract with Cactus Dovelopment Compary Relevant data are summarted below. ADH tecognizes

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Arizona Dosert Homes (ADH) constructed a new subdivision during 2023 and 2024 under contract with Cactus Dovelopment Compary Relevant data are summarted below. ADH tecognizes revenue upon completion of the contract. What is the journal entry in 2024 to tecord revertue? Murbple Chorce \begin{tabular}{|c|c|c|} \hline Account Title & Debit & Credit \\ \hline Accounts receivable & 1,590,000 & \\ \hline Revenue from long-term contracts & & 1,590,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|} \hline \multicolumn{1}{|c|}{ Account Title } & Debit & Credit \\ \hline Construction in progress & 1,300,000 & \\ \hline Cost of construction & 1,880,000 & \\ \hline Revenue from long-term contracts & & 3,180,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|} \hline \multicolumn{1}{|c|}{ Account Title } & Debit & Credit \\ \hline Cost of construction & 2,100,000 & \\ \hline Gross profit & 1,080,000 & \\ \hline Revenue from long-term contracts & & 3,180,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|} \hline \multicolumn{1}{|c|}{ Account Title } & Debit & Credit \\ \hline Construction in progress & 440,000 & \\ \hline Cost of construction & 640,000 & \\ \hline Revenue from long-term contracts & & 1,080,000 \\ \hline \end{tabular}

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