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U solo. Il does not indicate Required information [The following information applies to the questions displayed below) In 2021, the Westgate Construction Company entered into

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U solo. Il does not indicate Required information [The following information applies to the questions displayed below) 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: 2023 $2,238,800 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,619,000 6,390,000 2,100,000 1,850,000 2022 $3,162,000 2,028,000 3,672,000 3,000,000 4,228,000 5,150,000 Westgate recognizes revenue over time according to percentage of completion, . In the journal below, complete the necessary journal entries for the year 2021 (credit "Various accounts for construction cos curred) Horrect for the work you have completed so far, it does not indicate com Required information U ANSWER IS TO LOS. of 5 Complete this question by entering your answers in the tabs below. Reg 2A Req 2B Req 2c In the journal below, complete the necessary journal entries for the year 2022 (credit "Various accounts for construction costs incurred). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No 1 Date 2022 Credit | General Journal Construction in progress Various accounts Construction in progress Cost of construction Revenue from long-term contracts Debit 2.900,000 % 2,900,000 to search Check my work mode! This shows what is cuTELI UI Required information TISTUL cumpere. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 2C In the journal below, complete the necessary journal entries for the year 2023 (credit "Various accounts for construction costs incurred). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Debit No General Journal Credit Date search

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