Question

At December 31, balances in Manufacturing Overhead are Shimeca Company-debit $2,070

At December 31, balances in Manufacturing Overhead are Shimeca Company-debit $2,070, Garcia Company-credit $919. 


Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 

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Answer #1

Journal entry

Date Account title and explanation Debit Credit
Shimeca Company
Dec 31 Cost of goods sold 2070
Manufacturing overhead 2070
Garcia Company
Dec 31 Manufacturing overhead 919
Cost of goods sold 919
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