24th Edition

ISBN: 9781264044375

Author: Wild

Publisher: McGraw-Hil

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Textbook Question

Chapter 19, Problem 2QS

Job cost sheets C2
Clemens Cars's job cost sheet for Job A40 shows that the cost to add security features to a car was $10,500. The car was delivered to the customer, why paid $14,900 in cash for the added features. What journal entries should Clemens record for the completion and delivery of Job A40?

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Chapter 19, Problem 1QS

Chapter 19, Problem 3QS

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Auto Safe's job cost sheet for Job A40 shows that the total cost to add security features to a car was $11,500. The car was delivered to the customer, who paid $16,200 cash for this job. Prepare the journal entries for Job A40 to record (a) its completion and (b) its sale. View transaction list Journal entry worksheet < 1 2 Record transfer of cost of completed job to Finished Goods. Transaction 3 Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal

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Clemens Cars’s job cost sheet for Job A40 shows that the cost to add security features to a car was $15,000. The car was delivered to the customer, who paid $19,700 in cash for the added features. What journal entries should Clemens record for the completion and delivery of Job A40? a) Record transfer of cost of completed job to Finished Goods b) Record the cost of goods sold c) Record sale price of delivered job paid in cash

Chapter 19 Solutions

FUNDAMENTAL ACCOUNTING PRINCIPLES

Ch. 19 - Prob. 1DQ Ch. 19 - Some companies use labor cost to apply factory...Ch. 19 - Prob. 3DQ Ch. 19 - In a job order costing system, what records serve...Ch. 19 - What journal entry is recorded when a materials...Ch. 19 - Prob. 6DQ Ch. 19 - Google uses a "time ticket" for some employees....Ch. 19 - What events cause debits to be recorded in the...Ch. 19 - Prob. 9DQ Ch. 19 - Assume that Apple produces a batch of 1,000...

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