In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $20,000 and Job 11 $30,000. On March 31, Job 10 is sold to the customer for $35,000 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10.DateAccount Titles and . 31 31 31

Mar. 31

Dr Finished goods inventory $50,000

(20,000+30,00)

Cr Work in process inventory $50,000

31Dr Cash$35,000

Cr Sales revenue $35,000

31Dr Cost of goods sold$30,000

Cr Finished goods inventory $30,000

Explanation:

Preparation of the journal entries for the completion of the two jobs and the sale of Job 10

Mar. 31

Dr Finished goods inventory $50,000

(20,000+30,00)

Cr Work in process inventory $50,000

(Being To record the completion of the two jobs)

31Dr Cash$35,000

Cr Sales revenue $35,000

(Being To record the sale job 10)

31Dr Cost of goods sold$30,000

Cr Finished goods inventory $30,000

(Being To record the cost of the job sold)

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.