Canada Very confused and need help GL transaction

[JOETORONTO]

Here is the backround history: AC co. is sitting on inventory that needs to be sold.
AC co is selling inventory at raw cost which for the period in question $53,247.46 and therefore Company 123 needs to be bill for the inventory at $53,247.46. The deal is that company 123 will reimbuse company AC for costs such as duty, labour, power which is equal to $63506.31 the period. Total amount Company 123 owes is 53k + 63K

Can you plesae let me know if this makes senses and if you can advise me on to make the a/r debit credit entries,
sales entries
cogs sold entries
inventory entires

Debit GL 110100 Accounts Receivables 53,247.46
Credit GL401000 Sales 53,247.46

Debit Cash / Bank 63,506.31
Credit GL 110100 Accounts Receivables 53,247.46

What do i for GL COGS And Inventory?

Any help to correct these transactions and or explain step by step is great appreicated as i am in a rough patch now

 

[atakmaz]

Can you explain a bit more about Company 123 reimbursing Company AC for duty, labor, power, etc? Are those costs related to the inventory and currently booked in inventory? If so and AC is truly selling the inventory at cost of $113K, then the entry would be:

Dr COGS $113K
Cr Inventory $113K
Dr AR $113K
Cr Sales $113K