Requirement 3. Prepare the journal entry to record the sale on account of Job 143 for $63,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143. (Prepare a single journal entry for this event. Record debits first, then credits. Exclude explanations from any journal entries.) Begin by preparing the entry to record the sale on account. Do not record the cost of the sale with this entry. We will do that separately in the following step. Date Accounts Debit Credit Data Table June June 1 balance 36,000 Direct materials used 32,000 Choose from any list or enter any number in the input fields and then click Check Answer. Direct labor assigned to jobs 40,000 Manufacturing overhead allocated to iohs 28.000

Requirement 3. Prepare the journal entry to record the sale on account of Job 143 for $63,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143. (Prepare a single journal entry for this event. Record debits first, then credits. Exclude explanations from any journal entries.) Begin by preparing the entry to record the sale on account. Do not record the cost of the sale with this entry. We will do that separately in the following step. Date Accounts Debit Credit Data Table June June 1 balance 36,000 Direct materials used 32,000 Choose from any list or enter any number in the input fields and then click Check Answer. Direct labor assigned to jobs 40,000 Manufacturing overhead allocated to iohs 28.000

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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