sad construction company uses the percentage of completion method when total construction costs can be estimated.

$10,000,000

prepare all journal entries for 2014 that sad should make for this work.

prepare all journal entries for 2015 that sad should make for this work.

Answer:­1.Determination of Gross Margin/Profit during 2014, 2015 & 2016:For Year 2014:% of completion of contract in 2014= cost incurred to date / total estimated costs= $ 2,000,000 / $...