royal contractors, inc provided the following information for the current years construction activity. prepare the journal entries required to record royals construction activity assuming that the company uses the completed contract method

next record the revenue and costs for the current year

Contract Information $ 161,000 Contract price 2015 Actual construction costs $ 19.000 incurred during the year Estimated costs to complete 93,000 Estimated total costs $ 112,000 Progress billings made during the year GA 64,000 Cash collections during the year 69 49.000 Drint Dans = Homework: Week One Royal Contractors, Inc. provided the following information for the current year's construct (Click the icon to view the contract information.) Prepare the journal entries required to record Royal's construction activity assuming that entry is required select "No Entry Required" on the first line of the journal entry table and 2015 Account Cash Accounts Receivable 49,000 49,000 Next, record the revenue and costs for the current year, Account 2015 Choose from any list or enter any number in the input fields and then click Check Answer Help Me Solve This e Text Pages Get More Help Type here to search o