Beovis Construction Company was the low bidder on a construction project to build an earthen dam for $1.790,000. The project was begun in 2023 and completed in 2024. Cost and other data are presented below: Coats incurred during the year Estimated costs to complete Billings during the year Cash collections during the year 2023 2024 $390,000 $1,090,000 910,000 0 500,000 1.290,000 400,000 1,390,000 Assume that Beavis recognizes revenue upon completion of the project. 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 1 2 3 4 5 6 7 8 9 Record the entry for costs incurred during the year 2023. Nota: Enter debits before credits Onte General Journal Debit Credit HUULUUNNOVEni, select "No journal entry required" in the first account field.) LLOGUil. 11 View transaction list 1 Record the entry for costs incurred during the year 2023. 9 2 Record the entry for billings during the year 2023. 3 Record the entry for cash collection during the year 2023. 4 Record the entry for revenue frody long-term contracts. 5 Record the entry for costs incurred during the year 2024. Credit 6 Record the entry for billings during the year 2024. 7 Record the entry for cash collection during the year 2024. 8 Record the entry for revenue from long-term contracts. Note : = journal entry has been entered View general ioura