Blossom, Inc. began work on a $$7,579,000$ contract in $2025$ to contruct an office building. During $2025,$ Blossom, Inc incurred cost of $$1,865,850,$ billed its customer for $$1,081,000,$ and collected $$1,022,000.$ At December $31,2025,$ the estimated additional cost to the complete project total is $$3,465,150.$ Prepare Blossom's $2025$ journal entries using the percentage$-$of$-$completion method. Blossom, Inc. began work on a $$7,579,000$ contract in $2025$ to construct an office building. During $2025,$ Blossom, Inc. incurred costs

of $$1,865,850,$ billed its customers for $$1,081,000,$ and collected $$1,022,000.$ At December $31,2025,$ the estimated additional costs to

complete the project total $$3,465,150.$

Prepare Blossom's $2025$ journal entries using the percentage$-$of$-$completion method. $($Credit account titles are automatically indented

when amount is entered. Do not indent manually. For costs incurred use account Materials, Cash, Payables. If no entry is required, select $"$No

entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

$($To record costs incurred.$)$

$($To record billings.$)$

$($To record collections.$)$

$($To recognize revenue.$)$