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The following information pertains to Green Company: Green Company completed jobs that cost $25,000 to manufacture Record the journal entry. Green Company sold jobs to customers on account for $54,000 that cost $19,000 to manufacture. Record the journal entries. Green Company completed jobs that cost $25,000 to manufacture. (Record debits first, then credits. Exclude explanations from any journal entries.)
Expert Answer
Journal
| Date | Accounts Name | Debit | Credit |
| 11. | Finished Goods Inventory | $25000 | |
| Work-in Process Inventory | $25000 | ||
| 12. | Accounts receivable | 54000 | |
| Cost of goods sold | 19000 | ||
| Sales Revenue | 54000 | ||
| Finished goods Inventory | 19000 |
