Fix the incorrect amounts, if any. Next, fill in the blanks. Enter the date, amounts, and accounts for each journal entry.

*Exercise 6-29 follow: Ivanhoe Construction Company uses the percentage-of-completion method of accounting. In 2017, Ivanhoe began work under a non-cancellable contract #E2-D2, which provided for a contract price of $2,288,000. Other details 2017 2018 Costs incurred during the year $665,600 $1,482,000 Estimated costs to complete, as at December 31 998,400 Billings during the year (non-refundable) 436,800 1,747,200 Collections during the year 364,000 1,560,000 How much revenue should be recognized in 2017 and in 2018? 2017 2018 Revenue 915,200 1,372,800 Assuming the same facts as those above except that Ivanhoe uses the completed-contract method of accounting, how much revenue should be recognized in 2018? (Do not leave any answer field blank. Enter 0 for amounts.) 2017 2018 Revenue 915,200 2,288,000