Question: 3. Binghamton Contractors received a contract to construct a classroom building at BU for $17,000,000. Construction was begun in 2020 and completed in 2022. Cost

3. Binghamton Contractors received a contract to construct a classroom building

3. Binghamton Contractors received a contract to construct a classroom building at BU for $17,000,000. Construction was begun in 2020 and completed in 2022. Cost and other data are presented below: 2020 2021 2022 C E E 4 C Binghamton recognizes revenue over time according to percentage of completion. Required: Prepare all journal entries to record costs, billings, collections, and profit recognition. Compute the Gross Profit on the job for each year. Compute the ending Accounts Receivable for each year

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