Determine over- and underbillings for a company with the following information Job Number: 20318 Job Name: Mountain Peak Office Remodel Current Contract Amount: $256,852 Total Estimated Cost at Completion: \$225,236 Actual Costs to Date: $202,138 Total Billed: $252,253 Job Number: 20-319 Job Name: Market Street Warehouse Current Contract Amount: \$55,123 Total Estimated Cost at Completion: $45,224 Actual Costs to Date: $5,211 Total Billed: $5,500 Using the chart of accounts in Figure 2-1 (textbook) (attached at the end of this homework assignment), determine the changes to the balance sheet as a result of recording the over-and underbillings from Problem \#l above. CHAPT OF ACCOUITS 110 Cash 730 Repais ard Mahlanare 120 Accounte Rocoivabe.Trade 740 Frel ard t itricetion 121 Acoounts Aeceinbte-Feienton 750 luxs, Leenses, and insurence Is0 twentay 7it Equifnont Coots Chagod b Employose 140 Ceoss and Profst in Excess of Blings 799 Eyuprent Coots Charpad b Jobs 150 Hotes Hecevable 155 Due Fion Constructian Losro 005 Advatising 160 Propaid Expenses 895 Promolion 159 Oner Carremt Assets 810 Car end Truck Expanes Bit Conpeter ard Clfice Furritiez 210 Bekling and Land 8i2. Pepeits ard Mantenance 220 Construcioi Equiprem 613 Depreciation 250 Trudks and Aulos: 800 Empbyee Whces and Sehrics 240 Otice Equiprsent 82) Erpbyea Berefts 250 Less Acu Deprecietion ee2 Enplojes Retrurront 260 Capital Leases \&es Emplyes Racuiting 299 Other Asses 824 Erpbyez Thaing ges Employou Taxas 310 Accoun's Payable-Trade 690 lrsuranc: 311 Accouns Payable-Retertion 635 Twes and Licenses. 8e) Cffoe Sepplas 330 Noles Payabla 841 onlca Purchase 340 Accued Payrol EA2 CHics Aert 341 Acered Poyabios 843 Cffor Usilites 342 Accued laxes 84. Pustage ans Deinery 34 Acerved hisurance 845 Jasitois and Clouning 344 Acored Vasstion 845 lakphone 350. Captal Leases Pajable e5) Charitabie Contituions 360 Warreny Pscovor e55 Duar and Mantersips 379 Ohar Curent Liablifes 86) Puolcations and Subscrip bons 300 Long-Termi Liabilies 665 Legal ard Proiestionsl Sarvisco em. Meak and Enbatairnent 410 Capita Sock E/5 Trevel 420 Aslained Earnings 603 tank Feas 430 Curent Feriod Not income 681 Intarast Exprsa 895 Bad Detts 5x0 Rovenvo t9r Unalocated Labor 892 Uneloseted Naieials 610 Malerids 690 Wenanty Eoperse 620. Labor E98 Mroclaneous 630 Sutcortract 899 Ovenead Charged to Jobs 640 Eqcipment 650 Other 910 Oher incerre szo Oher Expenst 710 Aant and Loass Poymenta 950 heora Tax 720 Dapreciaion
