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A custom manufacturer completed Jobs 103 and 104. Job 103 cost $24,000 and was sold (on credit) for $40,000. Job 104 cos
Posted: Sun Jul 03, 2022 3:57 pm
by answerhappygod
- A Custom Manufacturer Completed Jobs 103 And 104 Job 103 Cost 24 000 And Was Sold On Credit For 40 000 Job 104 Cos 1 (18.2 KiB) Viewed 29 times
A custom manufacturer completed Jobs 103 and 104. Job 103 cost $24,000 and was sold (on credit) for $40,000. Job 104 cost $30,000. The journal entry to record the sale of Job 103 consists of a: Multiple Choice Debit to Sales $40,000: credit to Accounts Payable $40,000 Debit to Accounts Receivable $40,000; credit to Sales $40,000. Debit to Cost of Goods Sold $40,000; credit to Sales $40,000 Debit to Sales $40,000; credit to Cash $40,000 Debit to Accounts Receivable $24,000 credit to Sales $24,000