8. Crafton Motor Corporation manufactures various types of custom-designed electric motors. Scrap metal is accumulated and periodically sold. The value of this scrap is quite small. Therefore, the company merely collects the material from the factory floor and stores it until it is sold, at which time an entry in made. Job 748 was in production during the month of July 2006. Scrap materials from this job were collected and sold on August 10 for $714 on credit. Instructions Give the general journal entry to record the sale in each of the following cases. Also indi- cate which subsidiary records would be affected. 1. Sales proceeds to be treated as income. 2. Sales proceeds to be treated as a recovery from the specific job. 3. Sales proceeds to be treated as a reduction of manufacturing overhead.

1.)
Date	Account/Description of Entry	Debit	Credit
2.)
Date	Account/Description of Entry	Debit	Credit
3.)
Date	Account/Description of Entry	Debit	Credit