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Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,830,000 begun in 2023 and completed in 2024.

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Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,830,000 begun in 2023 and completed in 2024. Cost and other data are presented below Corts incurred during the year Estimated costs to complete Billings during the year Cash collections during the year 2e23 2024 $441,eee $1,139, eee 1,029,00 415, eee 1,415, eee 315,000 1,515, eee Assume that Beavis recognizes revenue on this contract over time according to percentage of completion Required: Prepare all journal entries to record costs, billings, collections, and profit recognition (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet

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