prepare the johrnal enteries for each year to record the contract assuming that Holden uses the percentage-of-completion method with the cost to cost approach to measure progress. choose the formula and enter the amounts into the table below to calculate the percentage of competition for Holden's contract for each year

= Homework: Week One Question, E8-13 (sma HW Score: 525, 0.78 0f 11 pts con: Holden Conduction Associates accepted scored to build an enter building on January 3, 2016. The company will comune di Malang amation Pointed to the imated costs, progettings and cons over the miche cow the connection) Regent Prepare the reseach you to do that Our 2016 201 M Check Am Text Pages Help Me Solve This Get More Help YA 24 > BP o O Helden Construction Aracas accepted a cantada buldan utice building on January 2, 2015. The company will complete the contact within a year Hidden provided the following formation related to the venue estimated costs, progress billige, and collections over the two year period Click the car to view Se contact information) Requirement Prepare the oumat antles for each year to record the contact numing that Halden en the percentage of completion method with the cost to cost approachine measure progres Show all supporting templates Choose the formula and enter the mounts to the table below to calculate the percentage of complimenter Hams come for each year found te percentages to the merit pacant) Cum 2015 2016 Contract Information Contract price $ 4,020,000 2015 2016 $ 2,608,500 $ 0 930,000 2,608,500 3,538,500 A Actual construction costs incurred during the year Construction costs incurred in prior years Cumulative construction costs incurred to date Estimated costs to complete Estimated total costs Progress billings made during the year Cash collections during the year 0 $ 2,608,500 $ 916,500 3,525,000 $ 2,410,000 $ 2,010,000 $ G 3,538,500 1,610.000 2,010,000 $ Print Done