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Return to question Required information (The following information applies to the questions displayed below! Part 2 of 5 In 2021, the Westgate Construction Company entered
Return to question Required information (The following information applies to the questions displayed below! Part 2 of 5 In 2021, 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 2023. Information related to the contract is as follows: points 2023 $3,849,200 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,581,000 6,319,000 2,090,000 1,845,000 2022 $2,347,000 2,772,000 2,838,800 2,900,eee 5,072, 080 5,255,000 Westgate recognizes revenue over time according to percentage of completion 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). Answer is not complete. Complete this question by entering your answers in the tabs below. Ren A Ren Ren?
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