record journal entries for 2023 and 2024

Beavis Construction Company was the low bidder on a construction project to bulld an earthen dam for $1,870,000. The project was begun in 2023 and completed in 2024. Cost and other data are presented below: Assume that Beavis recognizes revenue on this contract over time according to percentage of completion. Required: Prepare all journal entries to record costs, billings, collections, and profit recognition. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field