Date Accounts Debit Credit Data Table Nov. 30 Finished Goods Inventory 4,950 Work-in-Process Inventory 4,950 Date Total Manufacturing Total Cost of Job Costs Added in Requirement 4. Record the sale of Job 3 for $2,300 on account. (Record debits first, then credits. Exclude explanations from any journal entries.) Job No. Started Finished Sold at October 31 November First, record the revenue related to the sale of job 3 on account. Job No. 1 10/03 10/12 10/13 S 1,300 Job No. 2 10/03 10/30 11/01 1,400 Date Accounts Debit Credit Job No. 3 10/17 11/24 11/27 1,000 $ 900 Job No. 4 10/29 11/29 12/03 1,200 1,200 Job No. 5 11/08 11/12 11/14 650 Job No. 6 11/23 12/06 12/09 500

Date Accounts Debit Credit Data Table Nov. 30 Finished Goods Inventory 4,950 Work-in-Process Inventory 4,950 Date Total Manufacturing Total Cost of Job Costs Added in Requirement 4. Record the sale of Job 3 for $2,300 on account. (Record debits first, then credits. Exclude explanations from any journal entries.) Job No. Started Finished Sold at October 31 November First, record the revenue related to the sale of job 3 on account. Job No. 1 10/03 10/12 10/13 S 1,300 Job No. 2 10/03 10/30 11/01 1,400 Date Accounts Debit Credit Job No. 3 10/17 11/24 11/27 1,000 $ 900 Job No. 4 10/29 11/29 12/03 1,200 1,200 Job No. 5 11/08 11/12 11/14 650 Job No. 6 11/23 12/06 12/09 500

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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