General JournalDescriptionDebitCreditAnswerAccounts receivableCost of goods soldFinished goods inventorySalesWork in process inventoryAnswerAnswerAnswerAccounts receivableCost of goods soldFinished goods inventorySalesWork in process inventoryAnswerAnswer

b. Using general journal entries, record the sale of Job 317 for $45,000 on account.

General JournalDescriptionDebitCreditAnswerAccounts receivableCost of goods soldFinished goods inventorySalesWork in process inventoryAnswerAnswerAnswerAccounts receivableCost of goods soldFinished goods inventorySalesWork in process inventoryAnswerAnswerTo transfer cost to expense.AnswerAccounts receivableCost of goods soldFinished goods inventorySalesWork in process inventoryAnswerAnswerAnswerAccounts receivableCost of goods soldFinished goods inventorySalesWork in process inventoryAnswerAnswerTo record sale of job 317.