Record the sale of a by-product not requiring further processing sales proceeds treated as income. (Obj.
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Record the sale of a by-product not requiring further processing
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sales proceeds treated as income. (Obj. 1). The Bridgeport Company uses marble and other types of stone in the manufacture of its products. Shavings are gathered and sold to a landscape company as decorative material. During the month of November 19X9, shavings were sold for $183. Give the general journal entry to record the sale if the company treats the proceeds from the sale of the by-product as pther income.
LO.1
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Cost Accounting Principles And Applications
ISBN: 9780028034287
6th Edition
Authors: Horace R. Brock, Linda Herrington
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