On June 30,Caroline,Inc.finished Job 750 with total job costs of $4,300 and transferred the costs to Finished Goods Inventory.On July 6,Caroline completed the sale of the goods from Job 750 to a customer for $5,700 cash.Which of the following is the correct entry needed to record the revenue earned?
A) debit Finished Goods Inventory $4,300 and credit Sales Revenue $4,300
B) debit Cash $5,700 and credit Sales Revenue $5,700
C) debit Sales Revenue $5,700 and credit Cash $5,700
D) debit Cost of Goods Sold $4,300 and credit Sales Revenue $4,300
Correct Answer:
Verified
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