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Dr. Dr. = ÷ $ 17 $ Cr. To record revenue $ Blue Construction Co. successfully tendered for a 3-year contract to erect some warehouse facilities in a new industrial zone. The following information has been provided. Contract price - $25 000 000 2022 Cost during year Estimated cost to complete Progress billings to date Cash collected to date 2023 2024 $ 4 000 000 $8 000 000 $8 100 000 16 000 000 8 050 000 이 4 500 000 11 500 000 25 000 000 4 200 000 11 000 000 25 000 000

Dr. Dr. = ÷ $ 17 $ Cr. To record revenue $ Blue Construction Co. successfully tendered for a 3-year contract to erect some warehouse facilities in a new industrial zone. The following information has been provided. Contract price - $25 000 000 2022 Cost during year Estimated cost to complete Progress billings to date Cash collected to date 2023 2024 $ 4 000 000 $8 000 000 $8 100 000 16 000 000 8 050 000 이 4 500 000 11 500 000 25 000 000 4 200 000 11 000 000 25 000 000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 14GI
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answer in descending order and this is for 2023 journal entries.

Dr. Dr. = ÷ $ 17 $ Cr. To record revenue $
Transcribed Image Text:Dr. Dr. = ÷ $ 17 $ Cr. To record revenue $
Blue Construction Co. successfully tendered for a 3-year contract to erect some warehouse facilities in a new industrial zone. The following information has been provided. Contract price - $25 000 000 2022 Cost during year Estimated cost to complete Progress billings to date Cash collected to date 2023 2024 $ 4 000 000 $8 000 000 $8 100 000 16 000 000 8 050 000 이 4 500 000 11 500 000 25 000 000 4 200 000 11 000 000 25 000 000
Transcribed Image Text:Blue Construction Co. successfully tendered for a 3-year contract to erect some warehouse facilities in a new industrial zone. The following information has been provided. Contract price - $25 000 000 2022 Cost during year Estimated cost to complete Progress billings to date Cash collected to date 2023 2024 $ 4 000 000 $8 000 000 $8 100 000 16 000 000 8 050 000 이 4 500 000 11 500 000 25 000 000 4 200 000 11 000 000 25 000 000
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