Question: During 2025, Ivanhoe Company started a construction job with a contract price of $1,610,000. The job was completed in 2027. The following information is available.

price of $1,610,000. The job was completed in 2027. The following information

During 2025, Ivanhoe Company started a construction job with a contract price of $1,610,000. The job was completed in 2027. The following information is available. Prepare all necessary journal entries for 2026. (Credit account tities are automaticolly indented when amount is entered. Do not indert manuall. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. For costs incurred use account M

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