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for 2024 Wildhorse Construction inc, which has a calendar year...

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Accounting

for 2024
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Wildhorse Construction inc, which has a calendar year end, has entered into a non-cancellable fixed-price contract for $2.6 million beginning September 1,2023 , to build a road for a municipality. It has been estimated that the road construction will be complete by June 2025. The following data pertain to the construction period. Using the percentage-of-completion method, prepare the journal entries for 2024. (Use Materials, Cash, Payables for costs in re

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