Auto Safe's job cost sheet for Job A40 shows that the total cost to add security features to a car was $12,000. The car was delivered to the customer, who paid $16,700 cash for this job. Prepare the journal entries for Job A40 to record (a) its completion and (b) its sale. View transaction list Journal entry worksheet 2 Record transfer of cost of completed job to Finished Goods. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general journal

Auto Safe's job cost sheet for Job A40 shows that the total cost to add security features to a car was $12,000. The car was delivered to the customer, who paid $16,700 cash for this job. Prepare the journal entries for Job A40 to record (a) its completion and (b) its sale. View transaction list Journal entry worksheet 2 Record transfer of cost of completed job to Finished Goods. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general journal

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Auto Safe's job cost sheet for Job A40 shows that the total cost to add security features to a car was $12,000. The car was delivered to
the customer, who paid $16,700 cash for this job. Prepare the journal entries for Job A40 to record (a) its completion and (b) its sale.
View transaction list
Journal entry worksheet
<
2
3
Record transfer of cost of completed job to Finished Goods.
Note: Enter debits before credits.
Transaction
Record entry
General Journal
Clear entry
Debit
Credit
View general journal

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