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Unformatted text preview: Accounts Debit Credit October Finished goods inventory 2,900 Work in process inventory 2,900 November Finished goods inventory 4,850 Work in process inventory 4,850 Req. 4 Journal Entry Date Accounts Debit Credit Accounts receivable 3,000 Sales revenue 3,000 Costs of goods sold 2,200 Finished goods inventory 2,200 Req. 5 Sale Revenue $3,000 Less: Cost of goods sold (2,200) Gross Profit $800 Administration Customer service Design Distribution Marketing Other Costs ( Interest expense and Income taxes) Research and Development...
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- Spring '11