In $2024,$ 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 $2026.$ Information related to the contract is as follows:

Westgate recognizes revenue over time according to percentage of completion.

roblem $6-10($Algo$)$ Part $2$

a$.$ In the journal below, complete the necessary journal entries for the year $2024($credit "Cash, Materials, etc." for construction costs

curred$).$

b$.$ In the journal below, complete the necessary journal entries for the year $2025($credit "Cash, Materials, etc." for construction costs

curred$).$

c$.$ In the journal below, complete the necessary journal entries for the year $2026($credit "Cash, Materials, etc." for construction costs

curred$).$

Complete this question by entering your answers in the tabs below.

In the journal below, complete the necessary journal entries for the year $2024($credit "Cash, Materials, etc." for construction costs

ncurred$).$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Record construction costs.

Note: Enter debits before credits.