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! Required information Problem 6-10 (Algo) Long-term contract; revenue recognition over time (L06-8, 6-9) [The following information applies to the questions displayed below) In 2021,
! Required information Problem 6-10 (Algo) Long-term contract; revenue recognition over time (L06-8, 6-9) [The following information applies to the questions displayed below) In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County $10,000,000. The road was completed in 2023. Information related to the contract is as follows: 2023 $2,926,000 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,640, eee 6,160,000 2,080,000 1,849,000 2022 $2,300, eee 2,660,eee 2,860,000 2,800, eee 5,060, eee 5,360,000 Westgate recognizes revenue over time according to percentage of completion Problem 6.10 (Alool Part 2 Westgate recognizes revenue over time according to percentage of completion Problem 6-10 (Algo) Part 2 2-a. In the journal below, complete the necessary journal entries for the year 2021 (credit "Various accounts for construction costs incurred) 2.b. In the journal below.complete the necessary journal entries for the year 2022 (credit "Various accounts for construction costs incurred) 2-c. In the journal below, complete the necessary Journal entries for the year 2023 (credit "Various accounts" for construction costs incurred) Complete this question by entering your answers in the tabs below. Reg 2A Reg 28 Reg 20 in the first halmartha narsantrine for the lovardi Variert fra Rinia 313 ALA
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