Business, 04.10.2019 18:10 jallison61

Sandlewood construction inc. recognizes revenue over time according to percentage of completion for its long-term construction contracts. in 2018, sandlewood began work on a $10,000,000 construction contract, which was completed in 2019. the accounting records disclosed the following data at the end of 2018: costs incurred $ 5,400,000 estimated cost to complete 3,600,000 progress billings 4,100,000 cash collections 3,200,000 in addition to accounts receivable, what would appear in the 2018 balance sheet related to the construction accounts?

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