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Mathematics, 01.02.2022 14:00 Monte86

3. Ting Group began work on a \7,000,000 contract in 2019 to construct an office building. During 2019, Ting Group incurred costs of \1,700,000, billed its customers for \1,200,000, and collected \960,000. At December 31, 2019, the estimated additional costs to complete the project total 3,300,000. Prepare Ting's 2019 journal entries using the percentage-of-completionmethod.

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3. Ting Group began work on a \7,000,000 contract in 2019 to construct an office building. During 20...

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