Journal entry worksheet 1 (2) 4 6 Record the entry for cash collections during the year 2024. Note: Enter debits before credits. Journal entry worksheet 1) 2 6 7 Record the entry for costs incurred during the year 2024. Note: Enter debits before credits. Journal entry worksheet 67 Record the entry for costs incurred during the year 2023. Note: Enter debits before credits. Journal entry worksheet 456 Record the entry for billings during the year 2023. Note: Enter debits before credits. Journal entry worksheet 12 567 Record the entry for revenue from long-term contracts. Note: Enter debits before credits. Journal entry worksheet 1234567 Record the entry for revenue from long-term contracts. Note: Enter debits before credits. Journal entry worksheet 1 4 6 7 Record the entry for cash collections during the year 2023. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the construction accounts. Note: Enter debits before credits. Journal entry worksheet 1 2 3 4 5 6 Record the entry for billings during the year 2024 . Note: Enter debits before credits. Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,870,000. The project was begun in 2023 and completed in 2024. Cost and other data are presented below: Assume that Beavis recognizes revenue on this contract over time according to percentage of completion. Required: Prepare all journal entries to record costs, billings, collections, and profit recognition. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field