P8-45 - Progress Billings 13,000,000 15,500,000 17,000,000...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
2009 2010 2011 2012 2013 Total Actual Cost incurred $12,000,000 $18,160,000 $14,840,000 $10,000,000 $- $55,000,000 Estimated Cost to Complete 38,000,000 27,840,000 10,555,555 - 4,500,000 80,895,555 Collections on contract 12,000,000 13,500,000 15,000,000 15,000,000 - 55,500,000 Billings on contract 13,000,000 15,500,000 17,000,000 14,500,000 60,000,000 2009 2010 2011 2012 Construction in Progress 12,000,000 18,160,000 14,840,000 10,000,000 Materials, Labor, Cash, etc 12,000,000 18,160,000 14,840,000 10,000,000 Accounts Receivable 13,000,000 15,500,000 17,000,000 14,500,000
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Progress Billings 13,000,000 15,500,000 17,000,000 14,500,000 Cash 12,000,000 13,500,000 15,000,000 15,000,000 Accounts Receivable 12,000,000 13,500,000 15,000,000 15,000,000 Cost of LTCC 12,000,000 18,160,000 14,840,000 10,000,000 CIP 2,400,000 1,360,000 2,560,000 1,400,000 Rev. from LTCC 14,400,000 16,800,000 17,400,000 11,400,000 Progress Billiings 60,000,000 CIP 60,000,000 2013 Journal Entry Cash 4,500,000 Accounts Receivable 4,500,000 55,900,000 55,900,000 65,320,000 65,320,000 64,240,000 64,240,000 110,900,000 110,900,000...
View Full Document

This note was uploaded on 12/14/2011 for the course BA 264 taught by Professor Vandrgt during the Spring '11 term at Grand Rapids Community College.

Ask a homework question - tutors are online