(Solved): Caria Vista Construction Company uses the percentage-of-completion method of accounting in 2020, Ca ...

Caria Vista Construction Company uses the percentage-of-completion method of accounting in 2020, Carla Vista began work under a non-cancellable contract #E2 D2 which provided for a contract price of \( \$ 2,219,000 \). Other detalis follow: How much revenue should be recognized in 2020 and in \( 2021 ? \) eTextbook and Media List of Accounts Assuming the same facts as those above except that Carla Vista uses the completed-contract method of accounting, how much revenue should be recognized in 2021 ? Prepare a complete set of journal entries for 2020 . (using the percentage-of-completion method. Use Materials, Cash, Payables for costs incurred to date) (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry