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Hardhat Construction Company has a contract to construct a $4,500,000 bridge at...

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Accounting

Hardhat Construction Company has a contract to construct a $4,500,000 bridge at an estimated cost of $4,000,000. The contract will start in July 2014, and the bridge will be completed in October 2016. The following data pertain to the construction period.
Record the journal entries for 2014,2015, and 2016 using the percentage of completion method for the following:
Accounts Payable (15 points: 5 points for each year)
Accounts Receivable (15 points)
Cash (15 points)
CIP
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