Clemens Cars' job cost sheet for Job A40 shows that the cost to add security features to a car was $15,500. The car was delivered to the customer, who paid $20,200 in cash for the added features. What journal entries should Clemens record for the completion and delivery of Job A40? View transaction list Journal entry worksheet < 1 2 3 Record transfer of cost of completed job to Finished Goods. Note: Enter debits before credits.

Clemens Cars' job cost sheet for Job A40 shows that the cost to add security features to a car was $15,500. The car was delivered to the customer, who paid $20,200 in cash for the added features. What journal entries should Clemens record for the completion and delivery of Job A40? View transaction list Journal entry worksheet < 1 2 3 Record transfer of cost of completed job to Finished Goods. Note: Enter debits before credits.

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 $15,000. The car was delivered to the customer, who paid $19,700 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 1 2 Record transfer of cost of completed job to Finished Goods. Transaction a 3 Note: Enter debits before credits. General Journal Debit Credit
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