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Basic Construction Journal Entries Refer to Practice 8-7. In addition to the percentage-of-
completion information, the following information is available regarding billing and cash
collection for the project: Make the journal entries necessary to record the construction cost, the
progress billings, and the cash collections in (1) Year 1, (2) Year 2, and (3) Year 3.

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Basic Construction Journal Entries Refer to Practice 8-7- In addition.docx

  • 1. Basic Construction Journal Entries Refer to Practice 8-7. In addition to the percentage-of- completion information, the following information is available regarding billing and cash collection for the project: Make the journal entries necessary to record the construction cost, the progress billings, and the cash collections in (1) Year 1, (2) Year 2, and (3) Year 3.