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Care Question 1 12 pts On February 1, 2022. Manh Contractors agreed to construct a building at a contractice of 55.600.000 Marsh estimates construction costs
Care Question 1 12 pts On February 1, 2022. Manh Contractors agreed to construct a building at a contractice of 55.600.000 Marsh estimates construction costs would be 54.000.000 and the project would be finished in 2004. Information relating to the costs and for this contract is as follows 2022 2023 2024 Total costs incurred to date 51.500.000 $2.600.000 $4600.000 Estimated costs to complete 2.500.000 1.780.000 Customer bilings to date 2.200.000 4000/000 5.600.000 Collections to date 2.000.000 3.500.000 5.000.000 For percentage of completion accounting and for completed contract accounting show the construction even that should be recorded for 2022 2023 and 2024 Preof-Completion Completed Contras 2022 2023 2024 Question 2 10 pts 3 3 5 6 8 Q W E R T . U
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