Completion and Sale of Product Journal Entries. The Dawson Rubber Band Company complete production on rubber bands
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Completion and Sale of Product Journal Entries. The Dawson Rubber Band Company complete production on rubber bands costing $65,000 during August, 20x2. During August, it sold rubbe bands on account for $35,000. The rubber bands sold cost $20,000 to manufacture. Prepare journa entries to record these transactions as of August 31, 20x2.
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