Question: Please journalize with Dr & CR. Jan 4 - Sold two ice cream systems to Day Dreamer's Ice cream. The estimated direct labor is $

Please journalize with Dr & CR.

Jan 4 - Sold two ice cream systems to Day Dreamer's Ice cream. The estimated direct labor is $ 8,200. The estimated direct material is $ 3,350.00. The estimated indirect material is $ 350.00. Day Dreamer's is to be billed in the amount of $ 20,925.00 on account. A check for $ 5,000.00 will be collected as a deposit against that sale. The start date will be Jan 7th. The date will be Jan 23rd. Assign the contract to Job 74.

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