Question

In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $27,300 and Job 11 $34,500. On March 31, Job 10 is sold to the customer for $35,600 in cash.

Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Mar. 31	enter an account title to record the completion of the two jobs on March 31	enter a debit amount	enter a credit amount
	enter an account title to record the completion of the two jobs on March 31	enter a debit amount	enter a credit amount
	(To record the completion of the two jobs)
31	enter an account title to record the sale Job 10	enter a debit amount	enter a credit amount
	enter an account title to record the sale Job 10	enter a debit amount	enter a credit amount
	(To record the sale Job 10)
31	enter an account title to record the cost of the job sold	enter a debit amount	enter a credit amount
	enter an account title to record the cost of the job sold	enter a debit amount	enter a credit amount
	(To record the cost of the job sold)

Answer 1

Date	Account Titles	Debit	Credit
Mar 31	Finished goods inventory	$61,800	-
	Work in process inventory	-	$61,800
Mar 31	Cash	$35,600	-
	Sales revenue	-	$35,600
Mar 31	Cost of goods sold	$27,300	-
	Finished goods inventory	-	$27,300