Question: Refer to Practice 8-10, Practice 8-13, and Practice 8-15. Indicate how, and in what amount, the following accounts will be reported in the companys balance

Refer to Practice 8-10, Practice 8-13, and Practice 8-15. Indicate how, and in what amount, the following accounts will be reported in the company’s for Year 1, Year 2, and Year 3:
(1) Accounts Receivable,
(2) Progress Billings, and
(3) Construction in Progress. Assume that as of the end of Year 3, the progress billings and construction in progress accounts have not yet been closed.

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