Record a sale of scrap. (Obj. 1). The Wilson Manufacturing Company sold scrap for $1,789 on credit.
Question:
Record a sale of scrap. (Obj. 1). The Wilson Manufacturing Company sold scrap for $1,789 on credit. The scrap was sold on May 31, 19X9, and had accumulated during the month in the Assembly Department, which is to receive credit for the proceeds.
a. Prepare the general journal entry to record the sale of this scrap.
b. How should the sale of the scrap be recorded on the departmental overhead analysis sheet?
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Related Book For 
Cost Accounting Principles And Applications
ISBN: 9780028034287
6th Edition
Authors: Horace R. Brock, Linda Herrington
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