- Which accounts should be credited or debited using journal entries?

Purchased indirect materials on account from Kraftsman Air and Gas and charged the items to Manufacturing Overhead (185). The net invoice cost is $300. Kraftsman Air & Gas extends credit terms of 2/15, n/30. JOB 29 was delivered to customer Edward Kerry. A cashier's check for $8,742.00 was received at the delivery site. When JOB 29 was completed on June 1, a debit to the Cost of Goods Sold and a credit to Raw and In-Process Inventory was made for $5,824.80. Record the cash-sale entry