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Record the sale of goods on credit
Course:- Accounting Basics
Reference No.:- EM132048531





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Assignment Help >> Accounting Basics

Question - Prepare journal entries to record the following production activities.

1. Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $141,000.

2. Sold $449,000 of goods on credit. Their cost is $152,000.

Record the transfer of goods from the assembly department to finished goods.

Record the transfer of goods from the assembly department to finished goods.

Record the sale of goods on credit.

Record the cost of goods sold.




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