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3 years ago

In March, Stinson Company completes Jobs 10 and 11.

Business

1 answer:

mario62 [17]3 years ago

8 0

Answer:

The journal entries are as follows:

(i) On March 31,

Finished Goods A/c Dr. $56,400

To Work in Process $56,400

(To record the completion of the two jobs)

(ii) On March 31,

Cash A/c Dr. $38,000

To sales $38,000

(To record the sale Job 10)

(iii) On March 31,

Cost of goods sold A/c Dr. $21,400

To finished goods $21,400

(To record the cost of the job sold)

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