Sheridan Incorporated has the following information available about the jobs worked on during the month of February 2022: Job Number 110 111 112 Materials Labour $26,300 35,000 20,000 $22,900 $18,000 25,800 31,800 16,700 Overhead Total Costs $67,200 13,060 Account Titles and Explanation 92,600 49,760 Jobs 110 and 111 were completed in February and Job 111 was sold on account for $92,200 in February. Journalize the entries for the completion of the two jobs and the sale of Job 111. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sheridan Incorporated has the following information available about the jobs worked on
during the month of February 2022:
Job Number
110
111
112
Materials Labour
$26,300
35,000
20,000
$22,900 $18,000
25,800
31,800
16,700
Overhead Total Costs
$67,200
92,600
13,060
Account Titles and Explanation
49,760
Jobs 110 and 111 were completed in February and Job 111 was sold on account for $92,200
in February.
Journalize the entries for the completion of the two jobs and the sale of Job 111. (List all
debit entries before credit entries. Credit account titles are automatically indented
when the amount is entered. Do not indent manually.)
Debit
Transcribed Image Text:Sheridan Incorporated has the following information available about the jobs worked on during the month of February 2022: Job Number 110 111 112 Materials Labour $26,300 35,000 20,000 $22,900 $18,000 25,800 31,800 16,700 Overhead Total Costs $67,200 92,600 13,060 Account Titles and Explanation 49,760 Jobs 110 and 111 were completed in February and Job 111 was sold on account for $92,200 in February. Journalize the entries for the completion of the two jobs and the sale of Job 111. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit
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