In March, Crane Company completes Jobs 10 and 11. Job 10 cost $16,400 and Job 11 $24,600. On March 31, Job 10 is sold to the customer for $28,700 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 31 31 31 (To record the completion of the two jobs) (To record the sale Job 10) (To record the cost of the job sold) Debit Credit ||||||
In March, Crane Company completes Jobs 10 and 11. Job 10 cost $16,400 and Job 11 $24,600. On March 31, Job 10 is sold to the customer for $28,700 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 31 31 31 (To record the completion of the two jobs) (To record the sale Job 10) (To record the cost of the job sold) Debit Credit ||||||
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![In March, Crane Company completes Jobs 10 and 11. Job 10 cost $16,400 and Job 11 $24,600. On March 31, Job 10 is sold to the
customer for $28,700 in cash.
Journalize the entries for the completion of the two jobs and the sale of Job 10. (List all debit entries before credit entries. Credit account
titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation
Mar. 31
31
31
(To record the completion of the two jobs)
(To record the sale Job 10)
(To record the cost of the job sold)
Debit
Credit
||1]]]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbb1f22ba-3e27-40ab-8ab5-aed77d1c230b%2Fc8457e9c-7382-4e21-b2bd-12124f6ba688%2Fb582p2c_processed.png&w=3840&q=75)
Transcribed Image Text:In March, Crane Company completes Jobs 10 and 11. Job 10 cost $16,400 and Job 11 $24,600. On March 31, Job 10 is sold to the
customer for $28,700 in cash.
Journalize the entries for the completion of the two jobs and the sale of Job 10. (List all debit entries before credit entries. Credit account
titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation
Mar. 31
31
31
(To record the completion of the two jobs)
(To record the sale Job 10)
(To record the cost of the job sold)
Debit
Credit
||1]]]
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education