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Prepare the journal entries for 2024. (Use Materials, Cash, Payables for costs incurred to date.) (Credit account titles are automatically indented when amount is entered.
Prepare the journal entries for 2024. (Use Materials, Cash, Payables for costs incurred to date.) (Credit account titles are automatically indented when amount is entered. Do not Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Materials, Cash, Payables Cash (To record cost of construction) Accounts Receivable Billings on Construction in Process (To record progress billings) Cash Accounts Receivable (To record collections) Construction in Process Billings on Construction in Process (To record revenues) Construction Expenses Construction in Process (To record construction expenses) eTextbook and Media List of Accounts Debit JOU Credit DO DO CO
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