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Required information Skip to question [ The following information applies to the questions displayed below. ] In 2 0 2 4 , the Westgate Construction
Required information Skip to question The following information applies to the questions displayed below. In the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $ The road was completed in Information related to the contract is as follows: Cost incurred during the year $ $ $ Estimated costs to complete as of yearend Billings during the year Cash collections during the year Westgate recognizes revenue over time according to percentage of completion. a In the journal below, complete the necessary journal entries for the year credit Cash Materials, etc. for construction costs incurred b In the journal below, complete the necessary journal entries for the year credit Cash Materials, etc. for construction costs incurred c In the journal below, complete the necessary journal entries for the year credit Cash Materials, etc. for construction costs incurred
Required information
Skip to question
The following information applies to the questions displayed below.
In the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $ The road was completed in Information related to the contract is as follows:
Cost incurred during the year $ $ $
Estimated costs to complete as of yearend
Billings during the year
Cash collections during the year
Westgate recognizes revenue over time according to percentage of completion.
a In the journal below, complete the necessary journal entries for the year credit Cash Materials, etc. for construction costs incurred
b In the journal below, complete the necessary journal entries for the year credit Cash Materials, etc. for construction costs incurred
c In the journal below, complete the necessary journal entries for the year credit Cash Materials, etc. for construction costs incurred
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