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Johnson Company makes stainless steel plates for the refining industries. For Job 123 it put 40,000 units into production and the total cost of producing

Johnson Company makes stainless steel plates for the refining industries. For Job 123 it put 40,000 units into production and the total cost of producing this job was $200,000. On August 31, Job 123 is sold to the customer for $230,000 in cash.

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Journalize the entries for the completion and sale of the job.

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