Question: Included in the Work in progress ( $ 2 0 , 5 2 0 ) is an amount of $ 2 , 0 0 0

Included in the Work in progress ($20,520) is an amount of $2,000,000 relating to a Building which was completed, commissioned and put to use on 5 July 2021, after an additional amount of $800,000 was spent to complete the pavement aspect of the building. This expenditure has not yet been paid. Prepare the entries to account for these transactions.

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