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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.) Journal entry worksheet 4 Note: Enter debits before credits. 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.) Journal entry worksheet Note: Enter debits before credits. In the journal below, complete the necessary journal entries for the year 2021 (credit "Various accounts" for construction cost (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. 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.) Journal entry worksheet In the journal below, complete the necessary journal entries for the year 2021 (credit "Various accounts" for construction c (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. In the journal below, complete the necessary journal entries for the year 2022 (credit "Various accounts" for construction costs inc) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 4 Note: Enter debits before credits. In the journal below, complete the necessary journal entries for the year 2022 (credit "Various accounts" for construction costs (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the cash collections. Note: Enter debits before credits. 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.) Journal entry worksheet 4 Record the cash collections. Note: Enter debits before credits. 5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. Complete this question by entering your answers in the tabs below. Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showi the contract. Complete this question by entering your answers in the tabs below. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years using the above information. (Leave no cells blank - be certain to enter "0" wherever required. Loss amounts should be indicated with a minus sign.) Complete this question by entering your answers in the tabs below. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. (Leave no cells blank - be certain to enter " 0 " wherever required. Loss amounts should be indicated with a minus sign.) . Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs curred and costs to complete information. Complete this question by entering your answers in the tabs below. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years using the above information. (Leave no cells blank - be certain to enter " 0 " wherever required. Loss amounts should be indicated with a minus sign.) 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: Assume that Westgate Construction's contract with Santa Clara County does not qualify for revenue recognition over time. Required: 1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. 2-a. In the journal below, complete the necessary journal entries for the year 2021 (credit "Various accounts" for construction costs incurred). 2-b. In the journal below, complete the necessary journal entries for the year 2022 (credit "Various accounts" for construction costs incurred). 2-c. In the journal below, complete the necessary journal entries for the year 2023 (credit "Various accounts" for construction costs incurred). 3. Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any items related to the contract. 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs 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.) Journal entry worksheet 4 Record the construction costs. Note: Enter debits before credits. In the journal below, complete the necessary journal entries for the year 2021 (credit "Various accounts" for construct (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. 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.) Journal entry worksheet Note: Enter debits before credits. In the journal below, complete the necessary journal entries for the year 2021 (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.) Journal entry worksheet

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