Homework Answers
Add Answer to:
Steps: Slep - Setup Chart of Accounts by either importing the chart (Excel file on Canvas)...
please help with step 3 and the answer the question. Steps: Step #1 - Set up...
please help with step 3 and the answer the question.
Steps: Step #1 - Set up Chart of Accounts by en entering the accounts one by one. of Accounts by either importing the chart (Excel file on Canvas) or by Step #2 - Establish the beginning balances by er 1 as the date. in the beginning balances by entering the big journal entry below. Use January Cash 2 Accounts Receivable $ Raw Materials Inventory 4 Goods In Process Inventory 5...
12 B Step #3: Now, enter the transactions and adjustments for January. While the computer will...
12 B Step #3: Now, enter the transactions and adjustments for January. While the computer will post the transactions to the accounts in the general ledger, you should use the job cost cards as necessary. When you ve entered all of the transactions, print your income statement and balance sheet. 1/3 Received $10,000 from customers paying on account 1/5 Purchased raw materials on account from Smith Co. for $115,000. 1/12 Requisitioned raw materials from the warehouse for Job #107 -...
Problem 15-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3...
Problem 15-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to the questions displayed below.] Widmer Watercraft's predetermined overhead rate for year 2015 is 200% of direct labor. Information on the company's production activities during May 2015 follows. a. Purchased raw materials on credit, $220,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 $ 48,500 33,000 19,400 22,600 7,400 Job...
Step #3: Now, enter the transactions and adjustments for January. While the computer will post the...
Step #3: Now, enter the transactions and adjustments for January. While the computer will post the transactions to the accounts in the general ledger, you should use the job cost cards as necessary. When you’ve entered all of the transactions, print your income statement and balance sheet. 1/3 Received $10,000 from customers paying on account. 1/5 Purchased raw materials on account from Smith Co. for $115,000. 1/12 Requisitioned raw materials from the warehouse for Job #107 – Total $25,000. 1/16 ...
Journalize 11:15 Done Wonderama Playgrounds F20 (6 of 69) Chart of Accts Beg. Trial Balance T-Acc...
Journalize
11:15 Done Wonderama Playgrounds F20 (6 of 69) Chart of Accts Beg. Trial Balance T-Acc CHART OF ACCOUNTS Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Insurance Office Supplies Inventory: Raw Materials Inventory: Work in Process Inventory: Finished Goods Inventory: Factory Overhead Office Equipment Accumulated Depreciation Office Equip Factory Equipment Accumulated Depreciation Factory Equip Patients Accounts Payable Income Tax Payable Wages Payable Common Stock PIC in Excess of Par - Common Stock Retained Earnings Sales Sales Discounts Cost of...
used by Houston is as The chart of accounts and account numbers # b order cost sytem to record data events. Housto...
used by Houston is as The chart of accounts and account numbers # b order cost sytem to record data events. Houston Enterprises uses a CHART OF ACCOUNTS Acct Name t Name 71 Sales 10 Cash 11 Accounts recelvable 52 Factory wages payable 12 Raw materials inventory Cost of goods sold Wages expense 3 Work in process inventory 14 Finished goods inventory 2Depreciation expense 15 Accumulated depreciation100 Factory labor 101 Manufacturing overhead 51 Accounts payable 101 Manufacturing ovethead payable the...
Transaction No General Journal Debit Credit a. 1 Raw materials inventory 220,000 Accounts payable 220,000 b....
Transaction No General Journal Debit Credit a. 1 Raw materials inventory 220,000 Accounts payable 220,000 b. 2 Work in process inventory 131,700 Factory overhead 21,500 Raw materials inventory 153,200 c. 3 Factory overhead 15,500 Cash 15,500 d. 4 Work in process inventory 103,700 Factory overhead 25,000 Cash 128,700 e. 5 Work in process inventory 179,000 Factory overhead 179,000 f. 6 Finished goods inventory 359,700 Work in process inventory 359,700 g(1). 7 Accounts receivable 530,000 Sales 530,000 g(2). 8 Cost of...
What are the transactions on the t-accounts and compute the ending balance Reyes Manufacturing Company uses...
What are the transactions on
the t-accounts and compute the ending balance
Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process (Job 201) and one job completed but not yet sold (Job 200). Job 202 was started during January. Other select account balances follow (ignore any accounts that are not listed) During January, the company had the following transactions (a) Purchased $68,000 worth of materials on account. (b)...
Need some help with part 2 preparing the journal entry. a. Record raw material purchases on...
Need some help with part 2 preparing the journal entry.
a. Record raw material purchases on credit.
b. Record the requisition of direct and indirect materials.
c. Record payment to computer consultant to reprogram factory
equipment.
d. Record the entry for direct and indirect labor, paid in
cash.
e. Record the entry to apply overhead to jobs 136, 138 and
139.
f. Record the transfer of completed jobs 136,138 and 139 to
finished goods.
g(1). Record the entry for sales...
Required information Problem 19-3A Source documents, journal entries, and accounts in job order c...
Required information
Problem 19-3A Source documents, journal entries, and
accounts in job order costing LO P1, P2, P3
[The following information applies to the questions
displayed below.]
Widmer Watercraft’s predetermined overhead rate for the year 2017
is 200% of direct labor. Information on the company’s production
activities during May 2017 follows.
Purchased raw materials on credit, $240,000.
Materials requisitions record use of the following materials
for the month.
Job 136
$50,000
Job 137
32,500
Job 138
19,200
Job 139
23,000...
please help with step 3 and the answer the question.
Steps: Step #1 - Set up Chart of Accounts by en entering the accounts one by one. of Accounts by either importing the chart (Excel file on Canvas) or by Step #2 - Establish the beginning balances by er 1 as the date. in the beginning balances by entering the big journal entry below. Use January Cash 2 Accounts Receivable $ Raw Materials Inventory 4 Goods In Process Inventory 5...
12 B Step #3: Now, enter the transactions and adjustments for January. While the computer will post the transactions to the accounts in the general ledger, you should use the job cost cards as necessary. When you ve entered all of the transactions, print your income statement and balance sheet. 1/3 Received $10,000 from customers paying on account 1/5 Purchased raw materials on account from Smith Co. for $115,000. 1/12 Requisitioned raw materials from the warehouse for Job #107 -...
Problem 15-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to the questions displayed below.] Widmer Watercraft's predetermined overhead rate for year 2015 is 200% of direct labor. Information on the company's production activities during May 2015 follows. a. Purchased raw materials on credit, $220,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 $ 48,500 33,000 19,400 22,600 7,400 Job...
Journalize
11:15 Done Wonderama Playgrounds F20 (6 of 69) Chart of Accts Beg. Trial Balance T-Acc CHART OF ACCOUNTS Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Insurance Office Supplies Inventory: Raw Materials Inventory: Work in Process Inventory: Finished Goods Inventory: Factory Overhead Office Equipment Accumulated Depreciation Office Equip Factory Equipment Accumulated Depreciation Factory Equip Patients Accounts Payable Income Tax Payable Wages Payable Common Stock PIC in Excess of Par - Common Stock Retained Earnings Sales Sales Discounts Cost of...
used by Houston is as The chart of accounts and account numbers # b order cost sytem to record data events. Houston Enterprises uses a CHART OF ACCOUNTS Acct Name t Name 71 Sales 10 Cash 11 Accounts recelvable 52 Factory wages payable 12 Raw materials inventory Cost of goods sold Wages expense 3 Work in process inventory 14 Finished goods inventory 2Depreciation expense 15 Accumulated depreciation100 Factory labor 101 Manufacturing overhead 51 Accounts payable 101 Manufacturing ovethead payable the...
What are the transactions on
the t-accounts and compute the ending balance
Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process (Job 201) and one job completed but not yet sold (Job 200). Job 202 was started during January. Other select account balances follow (ignore any accounts that are not listed) During January, the company had the following transactions (a) Purchased $68,000 worth of materials on account. (b)...
Need some help with part 2 preparing the journal entry.
a. Record raw material purchases on credit.
b. Record the requisition of direct and indirect materials.
c. Record payment to computer consultant to reprogram factory
equipment.
d. Record the entry for direct and indirect labor, paid in
cash.
e. Record the entry to apply overhead to jobs 136, 138 and
139.
f. Record the transfer of completed jobs 136,138 and 139 to
finished goods.
g(1). Record the entry for sales...
Required information
Problem 19-3A Source documents, journal entries, and
accounts in job order costing LO P1, P2, P3
[The following information applies to the questions
displayed below.]
Widmer Watercraft’s predetermined overhead rate for the year 2017
is 200% of direct labor. Information on the company’s production
activities during May 2017 follows.
Purchased raw materials on credit, $240,000.
Materials requisitions record use of the following materials
for the month.
Job 136
$50,000
Job 137
32,500
Job 138
19,200
Job 139
23,000...
Most questions answered within 3 hours.
-
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 3 minutes ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 52 minutes ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 1 hour ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 2 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 2 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 4 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 5 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 5 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 5 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 5 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 5 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 6 hours ago