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Windsor Inc began work on a $8.900.000 non-cancellable contractin 2020 to construct an office building. During 2020, Wimus Inc incurred costs of $2.040,000, billed its
Windsor Inc began work on a $8.900.000 non-cancellable contractin 2020 to construct an office building. During 2020, Wimus Inc incurred costs of $2.040,000, billed its customers for $1.400.000 (non refundable and collected $1.010,000. At December 31 2020, the estimated future costs to complete the project totalind $2.960.000 Prepare Windsor's 2020 journal entries using the percentage of completion method Credit count titles are automatically Indented when the ministres not in my life entry is requires lect"No Entry for the contender for the amount Account Titles and Explanation Dehlt Credit (To record cost of construction) (To record progress bilings) (To record collections) (To record revenues) (To record collections) (To record revenues) (To record construction expenses) Attempts: O of I used
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