Beavis Construction Company was the low bidder on a construction project to bulld an earthen dam for $1,890,000. The project was begun in 2023 and completed in 2024 . Cost and other data are presented below: Assume that Beavis recognizes revenue upon completion of the project. Requlred: Prepare all journal entiles to record costs, billings, collections, and profit recognition. Note: If no entry Is requlred for a transaction/event, select "No journal entry requlred" In the first account fleld. Journal entry worksheet Record the entry for costs incurred during the year 2023. Note: Enter debits before credits. Journal entry worksheet Record the entry for billings during the year 2023. Note: Enter debits before credits, Journal entry worksheet Record the entry for cash collection during the year 2023. Note: Enter debits before credits. Journal entry worksheet Record the entry for revenue from long-term contracts. Note: Enter debits before credits. Journal entry worksheet 1 2 3 6 7 Record the entry for costs incurred during the year 2024. Note: Enter debits before credits. Journal entry worksheet Record the entry for billings during the year 2024 . Note: Enter debits berore credits. Journal entry worksheet Record the entry for cash collection during the year 2024. Note: Enter debits before credits. Journal entry worksheet \begin{tabular}{lllllllll} \hline & 1 & 2 & 3 & 4 & 5 & 6 & 7 \end{tabular} Record the entry for revenue from long-term contracts. Note: Enter debits before credits. Journal entry worksheet \begin{tabular}{lllll|} \hline & 2 & 4 & 5 & 6 \end{tabular} Record the entry to close the construction accounts. Note: Enter debits before credits