D.4 Recording Revenue and Expenses Using the Debit/Credit Paradigm. to build a shopping center at a price of $240 million. The following schedule details the estimated and actual costs of construction and the actual cash collections under the contract: RJ Miller Company won a contract Estimated (Actual) Costs of Construction Cash Collections From Customer 48,000,000 60,000,000 60,000,000 72.000,000 $240,000,000 $ 40,000,000 60,000,000 70,000,000 30,000,000 $200,000,000 Required 1. 2. Prepare the journal entries to record the revenue and expenses for RJ Miller Company for 2012 through 2015 assuming that the company recognizes revenue under the completed contract method. Prepare the journal entries to record the revenue and expenses for RJ Miller Company for 2012 through 2015 assuming that the company recognizes revenue under the percentage-of-completion method