On June 30, Coraline Company finished job number 750, with total job costs of $4,600, and transferred the costs to Finished goods. On July 6, they completed the sale of the goods to a customer for $5,100 cash. In order to record the sale, two entries are necessary-one to record revenue, and one to record cost of goods sold. Please provide the second of two entries to record cost of goods sold.
Definitions:
Wants And Needs
Desires and necessities that drive individual behavior; wants are often driven by personal preference, while needs are essential for well-being and survival.
Evaluation And Termination
The process of critically appraising an intervention, project, or employee’s performance and the decision to end or conclude it based on outcomes.
Goal Attainment
The achievement or realization of objectives or targets that have been set.
Motivation
The process that initiates, guides, and maintains goal-oriented behaviors.
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