FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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<
Journal entry worksheet
<
1
Record the cost of sales.
Note: Enter debits before credits.
Transaction
b1.
Record entry
1
2
Record the sales.
3
Transaction
b2
Note: Enter debits before credits.
Record entry
General Journal
Clear entry
General Journal
Clear entry
Debit
Debit
Credit
View general journal
Credit
View general journal
expand button
Transcribed Image Text:< Journal entry worksheet < 1 Record the cost of sales. Note: Enter debits before credits. Transaction b1. Record entry 1 2 Record the sales. 3 Transaction b2 Note: Enter debits before credits. Record entry General Journal Clear entry General Journal Clear entry Debit Debit Credit View general journal Credit View general journal
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
expand button
Transcribed Image Text: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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