the journal entry for the 2024 2025 2026
Complete the information required below to prepare a partial balance sheet for 2024 and 2025 showing any items related to the contract. Journal entry worksheet 1 2 3 Journal entr worksheet In the journal below, complete the necessary journal entries for the year 2025 (credit "Cash, Materials, etc." for constn incurred). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 1 3 Calculate the amount of revenue and gross profit (loss) to be recogniztd in each of the three years using the above information. Note: Leave no cells blank - be certain to enter " 0 " wherever required. Loss amounts should be indicated with a minus sign In the journal below, complete the necessary journal entries for the year 2025 (credit "Cash, Materials, etc." for constru Incurred). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Journal entry worksheet 4 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information. 5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information. Complete this question by entering your answers in the tabs below. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. Note: Leave no cells blank - be certain to enter " 0 " wherever required, Loss amounts should be indicated with a minus sign. Journal entry worksheet Note: Enter aebits before credits. In the journal below, complete the necessary joumal entries for the year 2025 (credit "Cash, Materials, etc." for constructi incurred). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fieid. Journal entry worksheet 4 In the journal below, complete the necessary joumal entries for the year 2025 (credit "Cash, Materials, etc. "for construction co incurred). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 4 > Journal entry worksheet 1 Complete this question by entering your answers in the tabs below. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. Note: Leave no cells blank - be certain to enter " 0 " wherever required. Loss amounts should be indicated with a minus sign Complete this question by entering your answers in the tabs below. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years using the above information. Note: Leave no cells blank - be certain to enter " 0 " wherever required. Loss amounts should be indicated with a minus sign. In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2026 . Information related to the contract is as follows: Assume that Westgate Construction's contract with Santa Clara County does not qualify for revenue recognition over time. Required: 1. Caiculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. 2. a. In the journal below, complete the necessary journal entries for the year 2024 (credit "Cash, Materials, etc." for construction costs incurred). 2.b. In the joumal below, complete the necessary journal entries for the year 2025 (credit "Cash, Materials, etc." for construction costs incurred). 2-c. In the joumal below, complete the necessary journal entries for the year 2026 (credit "Cash, Materials, etc," for construction costs incurred). 3. Complete the information required below to prepare a partial balance sheet for 2024 and 2025 showing any items related to the contract. 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information. Complete the information required below to prepare a partial balance sheet for 2024 and 2025 showing any items related to the contract. Journal entry worksheet 1 2 3 Journal entr worksheet In the journal below, complete the necessary journal entries for the year 2025 (credit "Cash, Materials, etc." for constn incurred). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 1 3 Calculate the amount of revenue and gross profit (loss) to be recogniztd in each of the three years using the above information. Note: Leave no cells blank - be certain to enter " 0 " wherever required. Loss amounts should be indicated with a minus sign In the journal below, complete the necessary journal entries for the year 2025 (credit "Cash, Materials, etc." for constru Incurred). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Journal entry worksheet 4 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information. 5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information. Complete this question by entering your answers in the tabs below. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. Note: Leave no cells blank - be certain to enter " 0 " wherever required, Loss amounts should be indicated with a minus sign. Journal entry worksheet Note: Enter aebits before credits. In the journal below, complete the necessary joumal entries for the year 2025 (credit "Cash, Materials, etc." for constructi incurred). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fieid. Journal entry worksheet 4 In the journal below, complete the necessary joumal entries for the year 2025 (credit "Cash, Materials, etc. "for construction co incurred). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 4 > Journal entry worksheet 1 Complete this question by entering your answers in the tabs below. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. Note: Leave no cells blank - be certain to enter " 0 " wherever required. Loss amounts should be indicated with a minus sign Complete this question by entering your answers in the tabs below. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years using the above information. Note: Leave no cells blank - be certain to enter " 0 " wherever required. Loss amounts should be indicated with a minus sign. In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2026 . Information related to the contract is as follows: Assume that Westgate Construction's contract with Santa Clara County does not qualify for revenue recognition over time. Required: 1. Caiculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. 2. a. In the journal below, complete the necessary journal entries for the year 2024 (credit "Cash, Materials, etc." for construction costs incurred). 2.b. In the joumal below, complete the necessary journal entries for the year 2025 (credit "Cash, Materials, etc." for construction costs incurred). 2-c. In the joumal below, complete the necessary journal entries for the year 2026 (credit "Cash, Materials, etc," for construction costs incurred). 3. Complete the information required below to prepare a partial balance sheet for 2024 and 2025 showing any items related to the contract. 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information
