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During the current month, Reyes Corporation completed Job 310 and Job 312. Job 310 cost $64,680 and Job 312 cost $48,410. Job 312 was sold on account for $89,710.
Journalize the entries for the completion of the two jobs and the sale of Job 312.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.

Account Titles and Explanation

Debit

Credit

(a)

Entry field with incorrect answer now contains modified data

Entry field with correct answer

Entry field with correct answer

 

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

 

(To record completion of Jobs 310 and 312)

 

 

(b)

Entry field with incorrect answer now contains modified data

Entry field with correct answer

Entry field with correct answer

 

Entry field with correct answer

Entry field with correct answer

Entry field with correct answer

 

(To record sale of Job 312.)

 

 

(c)

Entry field with correct answer

Entry field with incorrect answer now contains modified data

Entry field with correct answer

 

Entry field with incorrect answer now contains modified data

Entry field with correct answer

Entry field with incorrect answer now contains modified data

 

(To record cost of goods sold for Job 312.)

 

 

Cost Accounting, Accounting

  • Category:- Cost Accounting
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