b. Second product i) Name - Computer Workstation 500 ii) Initial quantity on hand - 0 iii) As of date - 12/31/2021 iv) Inventory asset account - Inventory v) Description - Computer Workstation 500 vi) Sales price/rate - $35,000 vii) Income account - Sales viii) Taxable - standard rate ix) Purchasing Information - Computer Workstation 500 x) Cost-$17,000 xi) Expense account - Cost of Goods Sold Record a new sales receipt 1001 to a new customer Blue Origin on 1/4/2022 for 50 hours of consulting and received payment via check number 1687 and deposited to the Undeposited Funds account. 9 b. Second product i) Name - Computer Workstation 500 ii) Initial quantity on hand - 0 iii) As of date - 12/31/2021 iv) Inventory asset account - Inventory v) Description - Computer Workstation 500 vi) Sales price/rate - $35,000 vii) Income account - Sales viii) Taxable - standard rate ix) Purchasing Information - Computer Workstation 500 x) Cost-$17,000 xi) Expense account - Cost of Goods Sold Record a new sales receipt 1001 to a new customer Blue Origin on 1/4/2022 for 50 hours of consulting and received payment via check number 1687 and deposited to the Undeposited Funds account. 9