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Check my work Required information The following information applies to the questions displayed below. In 2021, the Westgate Construction Company entered into a contract to
Check my work Required information The following information applies to the questions displayed below. In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows: 2021 2022 2023 Cost incurred during the year 52,640,000 $2,300,000 $2,926,00D Estimated cost to complete ax of year-end 6,160, DD 2,660,000 Dilling during the year 2.000,00 2, 60,000 5,960,000 Cash collection during the year 1,840,000 2,000,000 3,360,00D Westgate recognizes revenue over time according to percentage of completion. 2-a. In the joumal below, complete the necessary Journal entries for the year 2021 (credit Various accounts for construction costs incurred) 2.b. In the journal below, complete the necessary joumal entries for the year 2022 (credit "Various accounts for construction costs incurred) 2.c. In the journal below.complete the necessary Journal entries for the year 2022 (credit "Various accounts for construction costs incurred) Complete this question by entering your answers in the tabs below. Rug 2A Reg 23 Rug 2c In the journal below, complete the necessary journal entries for the year 2021 (credit Various accounts for construction costs incurred) (Ef no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction Journal entry worksheet 4 > Record construction costs. Note: Enter debitore credits General Journal Debit Date 2001 Credit Record entry Clear entry View general Journal Req2A Req 28 >
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