Job 113 was completed at a cost of $4,700, and Job 85 was completed at a cost of $3,300 and sold on account for $4,300. Prepare journal entries for the following: If an amount box does not require an entry, leave it blank. A. Completion of Job 113. Finished Goods Inventory Work in Process Inventory B. Completion and sale of Job 85. Finished Goods Inventory Work in Process Inventory Cost of Goods Sold Finished Goods Inventory Accounts Receivable Sales 00
Job 113 was completed at a cost of $4,700, and Job 85 was completed at a cost of $3,300 and sold on account for $4,300. Prepare journal entries for the following: If an amount box does not require an entry, leave it blank. A. Completion of Job 113. Finished Goods Inventory Work in Process Inventory B. Completion and sale of Job 85. Finished Goods Inventory Work in Process Inventory Cost of Goods Sold Finished Goods Inventory Accounts Receivable Sales 00
Chapter1: Financial Statements And Business Decisions
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Job 113 was completed at a cost of $4,700, and Job 85 was completed at a cost of $3,300 and sold on account for $4,300. Prepare journal entries for the following: If an amount box
does not require an entry, leave it blank.
A. Completion of Job 113.
Finished Goods Inventory
Work in Process Inventory
B. Completion and sale of Job 85.
Finished Goods Inventory
Work in Process Inventory
Cost of Goods Sold
Finished Goods Inventory
ACcounts Receivable
Sales
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Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal. An accounting journal shows a company's debit and credit balances.
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