Current Attempt in Progress Oriole Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed-price contra beginning September 1, 2023, to build a road for a municipality. It has been estimated that the road construct June 2025. The following data pertain to the construction period. Costs to date Estimated costs to complete Progress billings to date (non-refundable) Cash collected to date 2023 $900,000 1,600,000 948,000 800,000 2024 $1,808,800 571,200 2,296,000 2,183,000 2025 $2,346,000 0 2,800,000 2,800,000

Current Attempt in Progress Oriole Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed-price contr beginning September 1,2023, to build a road for a municipality. It has been estimated that the road construc June 2025. The following data pertain to the construction period. Using the percentage-of-completion method, prepare the journal entries for 2024. (Use Materials, Cash, Payables for costs incurred to date.) (Credit account titles are automatically indented when amount is entered. Do not indent manuafly. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Current Attempt in Progress Oriole Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed-price contr beginning September 1,2023, to build a road for a municipality. It has been estimated that the road construc June 2025. The following data pertain to the construction period. Using the percentage-of-completion method, prepare the journal entries for 2024. (Use Materials, Cash, Payables for costs incurred to date.) (Credit account titles are automatically indented when amount is entered. Do not indent manuafly. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)