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On June 30,Cleopatra,Inc.finished Job 70 with total job costs of $40,000 and transferred the costs to Finished Goods Inventory.On July 6,Cleopatra completed the sale of the goods to a customer for $55,000 on account.Provide the journal entry to record the sales revenue.Omit explanation.
Stock Price
The cost of purchasing a share of a company in the stock market; it fluctuates based on supply and demand.
Dividend Income
Earnings distributed to shareholders, usually derived from the company's profits, for holding the company's stock.
Stock Split
A corporate action to increase the number of outstanding shares through a proportional division, reducing the stock price accordingly.
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