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I get natked as wrong on these. Beavis...

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Accounting

I get natked as wrong on these.
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Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,700,000. The project was begun in 2023 and completed in 2024. Cost and other data are presented below: Costs incurred during the year Estimated costs to complete. Billings during the year Cash collections during the year 2023 2024 $486,500 $1,000,000 903,500 455,000 1,245,000 355,000 1,345,000 0 Assume that Beavis recognizes revenue upon completion of the project. Required: Prepare all journal entries to record costs, billings, collections, and profit recognition. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet

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