Question
On June 30, Caroline, Inc. finished Job 750 with total job costs of $4,800 and transferred the costs to Finished Goods Inventory. On July 6,
On June 30, Caroline, Inc. finished Job 750 with total job costs of $4,800 and transferred the costs to Finished Goods Inventory. On July 6, Caroline sold goods from job 750 to a customer for $5,700 cash. What is the correct entry needed to record the revenue earned? Assume the perpetual inventory system is used.
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Hospitality Financial Accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.
2nd Edition
9780470598092, 470083603, 978-0470083604
