On June 30, Coraline Company Finished Job Number 750, with Total

question 165

Multiple Choice

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. Which of the following is the correct entry needed to record the revenues?

• A) Debit Finished goods inventory $4,600, credit Sales revenue $4,600
• B) Debit cash $5,100, credit Sales revenue $5,100
• C) Debit Sales revenue $5,100, credit Cash $5,100
• D) Debit Cost of goods sold $4,600, credit Sales revenue $4,600

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Definitions:

Spindle

Temporary structure that moves chromosomes during nuclear division; consists of microtubules.

Motor Proteins

Proteins that convert chemical energy into mechanical work, moving along cytoskeletal filaments to transport cargo, contract muscles, or enable cell motility.

Microtubules

Cylindrical structures found in cells, crucial for maintaining cell shape, cell division, and intracellular transport.

Cancer

A disease characterized by the uncontrolled growth and spread of abnormal cells, which can form tumors and potentially lead to death if untreated.