Question: please fast no need to answer all the questions On June 1, 2018 Al-Bao Construction Company contracted to construct a bunting for Nase Company, for
On June 1, 2018 Al-Bao Construction Company contracted to construct a bunting for Nase Company, for a total contract pe y Osler 31, 2021 The annual costs incurred estimated costs to complete the contract, billinge to Nass and collections for 2019, 12.000.000 The peect was to be com 2021, and 2021 as given b 2019 2021 $10.000.000 2020 $7.065.000 0.265.000 10,050,000 $4,320,000 5.200.000 $4,000,000 et to comple 20 12.600,000 Collections to dale 5.000,000 8.250.000 9.750,000 structions #Bader Company uses the percentage-of-completion method: Compule the amount of gross profit or loss to be recognized each year. Prepare all necessary joumal entries for 2020 & Prepare the joumal entry to record the completion of the contract in 2021 Prepare partial statement of financial position at December 31, 2010 s Al Bader Company uses the cost-recovery method, prepare the necessary journal entry to recognize any gross profit in 2021. On June 1, 2018 Al-Bao Construction Company contracted to construct a bunting for Nase Company, for a total contract pe y Osler 31, 2021 The annual costs incurred estimated costs to complete the contract, billinge to Nass and collections for 2019, 12.000.000 The peect was to be com 2021, and 2021 as given b 2019 2021 $10.000.000 2020 $7.065.000 0.265.000 10,050,000 $4,320,000 5.200.000 $4,000,000 et to comple 20 12.600,000 Collections to dale 5.000,000 8.250.000 9.750,000 structions #Bader Company uses the percentage-of-completion method: Compule the amount of gross profit or loss to be recognized each year. Prepare all necessary joumal entries for 2020 & Prepare the joumal entry to record the completion of the contract in 2021 Prepare partial statement of financial position at December 31, 2010 s Al Bader Company uses the cost-recovery method, prepare the necessary journal entry to recognize any gross profit in 2021
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