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In March, Sheridan Company completes Jobs 10 and 11. Job 10 cost $21,400 and Job 11 cost $35,000. On March 31, Job 10 is
In March, Sheridan Company completes Jobs 10 and 11. Job 10 cost $21,400 and Job 11 cost $35,000. On March 31, Job 10 is sold to the customer for $38,000 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.) ccount Titles and Explanation Finished Goods Inventory To work in Process o record the completion of the two jobs) To Sales Revenue (To record sales of job 10) o record the sale of Job 10) Cost of Goods Sold Dr To finished goods inventory Debit $60,400 Credit 0 0 $60,400 $44,900 0 $44,900 $27,700 $27,700
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