PT Superstar has entered into a contract beginning January 31, 2021, to build a sport center. The feasibility study show

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Pt Superstar Has Entered Into A Contract Beginning January 31 2021 To Build A Sport Center The Feasibility Study Show 1 (59.13 KiB) Viewed 45 times

PT Superstar has entered into a contract beginning January 31, 2021, to build a sport center. The feasibility study shows that the sport center will cost Rp6 billion and will be finished on December 31, 2024. The center will be billed to the local government at Rp10 billion. The following data (in billion rupiah) pertain to the construction period. Cost to date Estimated cost to complete Progress billings to date Cash collected to date 2022 2.7 3.3 2.7 2.4 2023 4.5 1.5 6 5.5 2024 Instructions Do the following tasks by applying the percentage-of-completion method. a. prepare any journal entry related during each year of the construction period. 6.5 0 9 a b. prepare partial Statement of Financial Position and Income Statement related to the construction in 2022 - 2024