Journalize the following transaction for Hydro Paddle Boards, Inc.

Jan. 5: Sold and shipped Job No. 1403 to SaltWaterHut.com. All sales are on account 1/10, net 30 days, FOB shipping point. Hydro Paddle Boards, Inc. marks up all work by 40% of the job cost. Refer to the individual Job Cost Record for the total cost of the job, and multiply the total cost by 140% to determine the selling price. SaltWaterHut is not expected to pay within the discount period.

Hydro Paddle Boards, Inc. maintains a perpetual inventory system. Each time a sale is made to a customer, you must debit Cost of Goods Sold and credit Finished Goods for the cost of thr Job.

DIRECT LABOR FACTORY OVERHEAD TOTAL JOB COST JOB COST RECORD DATE PROMISED: January 11 JOB NUMBER: 1403 CUSTOMER NAME: SaltWater Hut.com JOB DESCRIPTION: 93 units Bl (Beginner-SUP) DATE STARTED: December 18 DATE COMPLETED: FACTORY OVERHEAD DIRECT MATERIALS UISITIONAMOUNT NUMBERS DIRECT LABOR REQUISITION DATE DATE NUMBER RATE AMOUNT NUMBERSAMOUNT Dec. 31|125% of DL cost l $18.650.00 Dec. 181668 Dec. 31 $17,472.00 248,250$14,920.00 OVERALL COST SUMMARY DIRECT MATERIALS DIRECT LABOR FACTORY OVERHEAD TOTAL JOB COST