In March, Blossom Company completes Jobs 10 and 11. Job 10 cost $20,400 and Job 11...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6655ba2e2732e_2546655ba2e20ae5.jpg)
Transcribed Image Text:
In March, Blossom Company completes Jobs 10 and 11. Job 10 cost $20,400 and Job 11 $30,600. On March 31, Job 10 is sold to the customer for $35,700 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Finished Goods Inventory 31 31 Work in Process Inventory (To record the completion of the two jobs) Cash Sales Revenue (To record the sale Job 10) Cost of Goods Sold Finished Goods Inventory (To record the cost of the job sold) In March, Blossom Company completes Jobs 10 and 11. Job 10 cost $20,400 and Job 11 $30,600. On March 31, Job 10 is sold to the customer for $35,700 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Finished Goods Inventory 31 31 Work in Process Inventory (To record the completion of the two jobs) Cash Sales Revenue (To record the sale Job 10) Cost of Goods Sold Finished Goods Inventory (To record the cost of the job sold)
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Vision has operated well-known gift and souvenir shops called Treasure Trove in its hotels for several years. The shops offer a variety of hats, T-shirts, mugs, and toys that display the mark CLUB...
-
John Timms is the sole owner of Sunshine Wholesale Traders, a company which buys fruit from farmers and sells it to supermarkets. All goods are collected from farms and delivered to supermarkets on...
-
Understand the elements of service area competitor analysis and assess likely competitor strategies.
-
1. How might differences in national and corporate culture impede timely decisions and control processes among existing and potential competitors in online retail? 2. To what extent should total...
-
Instructions: You have been asked by the Healthcare Authority Director to draft a confidential email to the CEO at the Healthcare Foundation Ltd., to discuss a confidential document that has impacts...
-
1. Eagle Rock Oil claims their gasoline additive increases fuel economy. Fifteen identical vehicles were obtained and their mileage before treatment was recorded. Using identical conditions as much...
-
Find the particular antiderivative F(x) off(x) = x + - that satisfies F(1) = 3. Answer Keypad Keyboard Shortcuts FOX) = Submit Answer 2023 Hawkes Learning
-
This project is to give libraries an ability to create custom marquees through our ecommerce application and this created custom marquee will be displayed on their hoopla digital. This project we...
-
V Ltd. applies overhead to products based on machine-hours. The denominator level of activity is 8,100 machine-hours. The budgeted fixed manufacturing overhead costs are $292,410. In April, the...
-
On 31st May, 2016 a fire damaged the premises of AMX, and the business of the company was disorganized until 31st August, 2016. The firm is insured under a loss of profit policy for USD. 220,000 with...
-
How we can apply Co-operative leadership style in solving the food waste problem in the food industry? Also give examples of companies who are using co-operative leadership style in food industry to...
-
Macey Company uses a weighted average process costing system. Beginning inventory consists of 6,000 units, 40% complete. Units started are 14,000, completed are 10,000, and ending inventories are...
-
For a shoe brand please discuss the following: i) Bases of segmentation used ii) Targeting approach and target customers iii) Discuss positioning strategy and provide positioning statement iiii) Discu
-
Explore franchising in the international marketplace.
-
Divide the class into teams to discuss the merits and potential drawbacks of each of these franchises. Youre convinced that purchasing a franchise is your method of choice for becoming a small...
-
Choose one of the two franchises presented and draft a business-plan outline. Youre convinced that purchasing a franchise is your method of choice for becoming a small business owner. Before you jump...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App