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please help me experts A Company began a construction project on a building for P3,000,000. The project was completed during 2020. The accounting records disclosed
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A Company began a construction project on a building for P3,000,000. The project was completed during 2020. The accounting records disclosed the following: Description 2019 2020 Progress billings during the year P1,100,000 P1,900,000 Cost incurred during the year 900,000 1,800,000 Collections on billings during the year 700,000 2,300,000 Estimated cost to complete 1,800,000 What is the balance of construction in progress account at the end of 2020 using overtime and point-in time method of recording revenueStep by Step Solution
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