generates normal scrap with a total sales value of $$700($it is assumed that the scrap returned to the storeroom is sold quickly$).$

Read the requirements.

cells blank.$)$

required. Leave unused cells blank.$)$

Leave unused cells blank.$)$

value. $($Record debits first, then credits. Explanations are not required. Leave unused cells blank.$)$

Now, prepare the journal entry for the sale of the scrap. $($Record debits first, then credits. Explanations are not required. Leave unused cells blank.$)$