Question: ing Word without interuption, activate before Tuesday, April 2.. Activate Contract BD258 began on January 15, 2020 and was completed on September 15, 2020

ing Word without interuption, activate before Tuesday, April 2.. Activate Contract BD258

ing Word without interuption, activate before Tuesday, April 2.. Activate Contract BD258 began on January 15, 2020 and was completed on September 15, 2020 in the contractor's financial year. The total value of the contract was $6,500 000. On December 31, 2020, the inspecting engineer issued his final certificate of work done. The following information relating to the contract was made available from the company's records: Details/Accounts Direct labout Direct materials, less returns 1,200,000 480,000 Materials from store and workshops 196,000 Plant maintenance and use 380,000 Direct expenses 400,000 General overheads 240,000 Materials on hand December 31 40,000 Wages owing at December 31 65,000 Direct expenses prepaid 48,000 Value of work certified by the inspecting engineer 4,000,000 Cash received on account 4,500,000 I Required: (a) Prepare the contract BD258 account as at December 31 2020. (15 marks) (b) Prepare the contract P&L account for the year ended December 31" 2020 (5 marks) (c) Prepare the Contractes Account as at December 31, 2020, uleam Online Proctoring Tool is sharing your screen Stop sharing (5 marks) Hide 4 5 6 hp & 7 80 9 R T Y U F G H J K

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