Prepare journal entries to record the following production activities. 1. Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $130,000. 2. Sold $449,000 of goods on credit. Their cost is $164,000. View transaction list Journal entry worksheet 1 2 3 Accounts payable Record the Accounts receivable Cash Note: Enter deb Transaction 1. Cost of goods sold Factory overhead ent to finished goods. Debit Credit Record entry Clear entry View general journal > View transaction list Journal entry worksheet