Journal entries
Date | account and explanation | debit | credit |
A | raw material | 71000 | |
Account payable | 71000 | ||
(to record purchase) | |||
B | work in process | 56000 | |
Manufacturing overhead | 13000 | ||
Raw material | 69000 | ||
(to record raw material used) | |||
C | work in process | 102600 | |
Manufacturing overhead | 24400 | ||
Cash | 127000 | ||
(to record labour) | |||
D | manufacturing overhead | 195000 | |
Accumulated depreciation | 195000 | ||
(to record dep) | |||
Larned Corporation recorded the following transactions for the just completed month. a $71,000 in raw materials...
Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account b. $69,000 in raw materials were used in production. Of this amount, $60,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $119,000 were paid in cash. Of this amount, $101,900 was for direct labor and the remainder was for indirect labor. d. Depreciation of $192,000 was incurred on factory equipment Required: Record...
Larned Corporation recorded the following transactions for the just completed month. a. $83,000 in raw materials were purchased on account. b. $81,000 in raw materials were used in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $112,500 were paid in cash. Of this amount, $101,400 was for direct labor and the remainder was for indirect labor. d. Depreciation of $195,000 was incurred on factory equipment. Required: Record...
Larned Corporation recorded the following transactions for the just completed month. a. $89,000 in raw materials were purchased on account. b. $87,000 in raw materials were used in production. Of this amount, $79,000 was for direct materials and the remainder was for indirect materials c. Total labor wages of $111,500 were paid in cash. Of this amount, $104,100 was for direct labor and the remainder was for indirect labor. d. Depreciation of $197,000 was incurred on factory equipment. Required: Record...
Thank you
Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account. b. $69,000 in raw materials were used in production. Of this amount, $57,000 was for direct materials and the remainder was for indirect materials. c Total labor wages of $113,500 were paid in cash Of this amount, $100,100 was for direct labor and the remainder was for indirect d. Depreciation of $194,000 was incurred on factory equipment. labor...
Larned Corporation recorded the following transactions for the just completed month. a. $90,000 in raw materials were purchased on account b. $88,000 in raw materials were used in production of this amount, $76,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $112,000 were paid in cash. Of this amount, $104,100 was for direct labor and the remainder was for indirect labor. d. Depreciation of $199,000 was incurred on factory equipment. Required: Record...
Larned Corporation recorded the following transactions for the just completed month. a. $75,000 in raw materials were purchased on account. b. $73,000 in raw materials were used in production. Of this amount, $65,000 was for direct materials and the remainder was for indirect materials. C. Total labor wages of $120,500 were paid in cash. Of this amount, $103,900 was for direct labor and the remainder was for indirect labor. d. Depreciation of $196,000 was incurred on factory equipment. Required: Record...
Larned Corporation recorded the following transactions for the
just completed month.
$72,000 in raw materials were purchased on account.
$70,000 in raw materials were used in production. Of this
amount, $57,000 was for direct materials and the remainder was for
indirect materials.
Total labor wages of $117,500 were paid in cash. Of this
amount, $103,500 was for direct labor and the remainder was for
indirect labor.
Depreciation of $199,000 was incurred on factory
equipment.
Required:
Record the above transactions in...
Larned Corporation recorded the following transactions for the
just completed month.
$89,000 in raw materials were purchased on account.
$87,000 in raw materials were used in production. Of this
amount, $78,000 was for direct materials and the remainder was for
indirect materials.
Total labor wages of $128,000 were paid in cash. Of this
amount, $104,100 was for direct labor and the remainder was for
indirect labor.
Depreciation of $197,000 was incurred on factory
equipment.
Required:
Record the above transactions in...
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account b. $71,000 in raw materials were used in production of this amount. $62.000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $112,000 were paid in cash. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor. d. Depreciation of $175,000 was incurred on factory equipment. Required: Record...
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account. b. $71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials c. Total labor wages of $112,000 were incurred. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $175,000 were incurred. Required: Record...