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Please help! I need help with this accounting problem for class please. Nixon Company completed jobs that cost $38,000 to produce. In the same period,
Please help! I need help with this accounting problem for class please.
Nixon Company completed jobs that cost $38,000 to produce. In the same period, the company sold jobs for $90,000 that cost S45.500 10 produce. Prepare the joumal entries for the completion and sales of the jobs. All sales are on account. (Record debits first, then credits. Exclude explanations from any journal entries.) Prepare the journal entry to record the completion of jobs. Date Accounts Dcbit Credit Prepare the journal entry to record the sale of jobs. (Do not include the cost of the sale in this journal entry. It will be prepared in the next step.) Date Accounts Debit Credit Prepare the jourral entry for the cost to produce the jobs that were sold. Date Accounts Debit CreditStep by Step Solution
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