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In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $28,900 and Job 11 $39,100. On March 31, Job 10 is sold to
In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $28,900 and Job 11 $39,100. On March 31, Job 10 is sold to the customer for $43,900 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 68000 68000 (To record the completion of the two jobs) 31 cash 43900 Sales Revenue 43900 (To record the sale Job 10) 31 Cost of Goods Sold 28900 28900 (To record the cost of the job sold)
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