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Unformatted text preview: 4,250,000 Accounts receivable 2,125,000 Billings on construction contract 2,125,000 Cash 2,125,000 Accounts receivable 2,125,000 Gross Profit Construction in progress 200,000 Cash, materials, etc. 200,000 Accounts receivable 1,657,500 Billings on construction contract 1,657,500 Construction in progress- Cash, materials, etc.- Accounts receivable 2,215,000 Billings on construction contract 2,215,000...
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- Spring '09
- Generally Accepted Accounting Principles, Construction Contract, receivable Billings, progress Cash