Question

Sunflower Company makes artificial flowers and reports the following data for the month. (Click the icon to view the data.) Journalize the entries relating to materials and labor. (Record debits first, then credits. Exclude explanations from journal entries.) Begin by journali: A Data Table Date Credit Purchases of materials, on account $ 54,000 Materials requisitions: Direct materials 45,100 700 Indirect materials Next, journalize t Labor incurred (not yet paid): Date Credit Direct labor 24,100 1,510 Indirect labor Print Done Finally, journalize the entry to record the labor incurred in production but not yet paid.

Answer 1

Debit S Credits Journal entries - Date Accounts Title & Explanation XX-XX-XXXX Raw Materials Inventory To Accounts Payable (Entry for purchase of Raw material on account) 54,000 54,000 45,100 700 XX-XX-XXXX Work in process inventory Manufacturing overhead To Raw material inventory (Entry for Raw material used in production) 45,800 XX-XX-XXXX Work in process inventory 24,100 Manufacturing overhead 1,510 To Wages Payable (Entry for Direct labor & Indirect labor used in production not paid) 25,610