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During 2 0 2 3 , Pharoah Company started a construction job with a contract price of $ 1 , 7 2 8 , 0

During 2023, Pharoah Company started a construction job with a contract price of $1,728,000. The job was completed in 2025. The following information is available. The contract is non-cancellable. 202320242025 Costs incurred to date 432,000891,0001,155,600 Estimated costs to complete 648,000297,0000 Billings to date 324,000972,0001,728,0001,539,000 Collections to date 291,600874,800 Prepare all necessary journal entries for the Pharoah contract for 2024.(Use Materials, Cash, Payables for costs incurred to date.)
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