Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and sales activities for June. The journal entry to record June sales is:

Direct materials used	$	88,000
Direct labor used	$	161,800
Predetermined overhead rate (based on direct labor)		140	%
Goods transferred to finished goods	$	445,000
Cost of goods sold	$	457,000
Credit sales	$	833,400

Multiple Choice

• Debit Accounts Receivable $833,400; credit Cost of Goods Sold $833,400.

• Debit Accounts Receivable $833,400; credit Sales $376,400; credit Finished Goods Inventory $457,000.

• Debit Cost of Goods Sold $457,000; credit Sales $457,000.

• Debit Finished Goods Inventory $457,000; debit Sales $833,400; credit Accounts Receivable $833,400; credit Cost of Goods Sold $457,000.

• Debit Accounts Receivable $833,400; credit Sales $833,400; debit Cost of Goods Sold $457,000; credit Finished Goods Inventory $457,000.