sherman construction company was awarded

Project Description:

sherman construction company was awarded a contract to construct an interchange at the junction of u.s. 66 and highway 40 at a total contract price of $8,000,000. the estimated total costs to complete the project were $6,000,000.

instructions
a. make the entry to record construction costs of $3,600,000, on construction in process to date.
b. make the entry to record progress billings of $2,000,000.
c. make the entry to recognize the profit that can be recognized to date, on a percentage-of-completion basis.

date
account/description debit credit
a.




b.



c.
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
Total Proposals: 1
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Proposals

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