Applying the Financial Statement Effects Template.

Refer to the information for Camden Corporation in M5-13.

a???? Use the financial statement effects template to record contract revenues and expenses for each year 2016 through 2018 using the cost-to-cost method.

b???? Prepare journal entries and T-accounts to record contract revenues and expenses for each year 2016 through 2018 using the cost-to-cost method.