In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $20,000 and Job 11 $30,000. On March 31, Job 10 is sold to the customer for $35,000 in cash. Journal- ize the entries for the completion of the two jobs and the sale of Job 10.

a) Show how completion of Job 10 during March affected the books.

b) Did completion of the job have an immediate impact on the P&L?

c) Show how the sale of Job 10 affected the books.

d) Did the sale of the job have an immediate impact on the P&L?