Contract Asset/Liability 10/6400 Materials, Cash, Payables (To record cost of construction) Accounts Receivable 957000 Contract Asset/Liability...

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Contract Asset/Liability 10/6400 Materials, Cash, Payables (To record cost of construction) Accounts Receivable 957000 Contract Asset/Liability (To record progress billings) Cash Accounts Receivable (To record collections) Contract Asset/Liability Revenue from Long-Term Contracts (To record revenues) Construction Expenses Contract Asset/Liability To record.construction expensel 803880 1076400 1076400 1076400 957000 803880 1076400 1076400 Contract Asset/Liability 10/6400 Materials, Cash, Payables (To record cost of construction) Accounts Receivable 957000 Contract Asset/Liability (To record progress billings) Cash Accounts Receivable (To record collections) Contract Asset/Liability Revenue from Long-Term Contracts (To record revenues) Construction Expenses Contract Asset/Liability To record.construction expensel 803880 1076400 1076400 1076400 957000 803880 1076400 1076400