Thrather Construction Co. wos contracted to construct a building for 5905,000 . The bulding is owned by the customer theoughout the controct penod The contract provides for progress payments. Thimsher's accounting year ends 31 Decenber. Work begin under the contract on 1 July 205, and was completed on 30 Septembet 207. Construction actwaties are sumuanted below by year: progress billiegs duries the yaar, 5341, abei and collections, 1320, remainisg halante was Hilied and later collected in full peri the contract. Required: 1. Prepare Thrashers jounal enaives to record these events. Assume tha percentage of completion is mearured by the rato of costs incuried to dote divided by totel estrnaged construction costi. af no entry is requirnd for a transoctlonievent, select "No journal ensry required" in the first accouat field. Do not round intermediste colculosions. Round yeur final answare to the nearest whiale dolloch Journal entry worksheet Thasher Corsiruction Co. was contracted to construct a buliding for $905000. The bueding n buhed by the customed thoughout the contract penod. The contract pcowides for progress payments. Tirasher's accoontrig year ends 31 December. Woric began under the contract on 1 July 205, and was completed on 30 September 201 Condtruction activess are summariaed below by yew proerest Billings during the peer, 514h, progress bliling durirg the year, 3354 , tee; and collections, 8052,400 . fanalaint talante and billed and tater coltected in fvil per the contrsct. Required: entry reculfed" in the first sccount field. Do not round intermediste caicuiations. Alouns youif final answers ta the nesrest whole dollard Thrather Construction Co. wos contracted to construct a building for 5905,000 . The bulding is owned by the customer theoughout the controct penod The contract provides for progress payments. Thimsher's accounting year ends 31 Decenber. Work begin under the contract on 1 July 205, and was completed on 30 Septembet 207. Construction actwaties are sumuanted below by year: progress billiegs duries the yaar, 5341, abei and collections, 1320, remainisg halante was Hilied and later collected in full peri the contract. Required: 1. Prepare Thrashers jounal enaives to record these events. Assume tha percentage of completion is mearured by the rato of costs incuried to dote divided by totel estrnaged construction costi. af no entry is requirnd for a transoctlonievent, select "No journal ensry required" in the first accouat field. Do not round intermediste colculosions. Round yeur final answare to the nearest whiale dolloch Journal entry worksheet Thasher Corsiruction Co. was contracted to construct a buliding for $905000. The bueding n buhed by the customed thoughout the contract penod. The contract pcowides for progress payments. Tirasher's accoontrig year ends 31 December. Woric began under the contract on 1 July 205, and was completed on 30 September 201 Condtruction activess are summariaed below by yew proerest Billings during the peer, 514h, progress bliling durirg the year, 3354 , tee; and collections, 8052,400 . fanalaint talante and billed and tater coltected in fvil per the contrsct. Required: entry reculfed" in the first sccount field. Do not round intermediste caicuiations. Alouns youif final answers ta the nesrest whole dollard