Homework Answers
| Transaction | General Journal | Debit | Credit |
| a. | Raw materials | $80,000 | |
| Accounts payable | $80,000 | ||
| b. | Work in process | $62,000 | |
| Manufacturing overhead | $9,000 | ||
| Raw materials | $71,000 | ||
| c. | Work in process | $101,000 | |
| Manufacturing overhead | $11,000 | ||
| Cash | $112,000 | ||
| d. | Manufacturing Overhead | $175,000 | |
| Accumulated Depreciation Equipment | $175,000 |
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a. $80,000 in raw materials were purchased on account. b. $71,000 in raw materials were used...
a. $80,000 in raw materials were purchased on account b. $71,000 in raw materials were used...
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. eBook Required: Record the above transactions in journal entries. (If no entry is...
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials...
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...
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials...
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...
Larned Corporation recorded the following transactions for the just completed month. $80,000 in raw materials were...
Larned Corporation recorded the following transactions for the just completed month. $80,000 in raw materials were purchased on account. $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. 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. Depreciation of $175,000 was incurred on factory equipment. Required: Record the above transactions in...
Exercise 3-1 Prepare Journal Entries [LO3-1]
Exercise 3-1 Prepare Journal Entries [LO3-1]Larned 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...
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 $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, $56,000 was for direct materials and the remainder was for indirect materials. c Total labor wages of $127,000 were paid in cash. Of this amount, $102,600 was for direct labor and 32 the remainder was for indirect labor d. Depreciation of $195,000 was incurred on factory equipment. Required:...
newconnect. meducation.com Pre Chapter 3 HW Help Saw a. $81,000 in raw materials were purchased on...
newconnect. meducation.com Pre Chapter 3 HW Help Saw a. $81,000 in raw materials were purchased on account. b. 579,000 in raw materials were used in production of this amount, $70,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $119,500 were paid in cash Of this amount. $100,100 was for direct labor and the remainder was for indirect labor d. Depreciation of $200,000 was incurred on factory equipment. Required: Record the above transactions in...
Thank you Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in...
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. $86,000 in raw materials...
Larned Corporation recorded the following transactions for the just completed month. a. $86,000 in raw materials were purchased on account. b. $84.000 in raw materials were used in production of this amount, $71,000 was for direct materials and the remainder was for indirect materials. C. Total labor wages of $116,500 were paid in cash. Of this amount, $104,000 was for direct labor and the remainder was for indirect labor d. Depreciation of $195,000 was incurred on factory equipment. Required: Record...
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. eBook Required: Record the above transactions in journal entries. (If no entry is...
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...
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...
Exercise 3-1 Prepare Journal Entries [LO3-1]Larned 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...
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 $71,000 in raw materials were purchased on account b. $69,000 in raw materials were used in production. Of this amount, $56,000 was for direct materials and the remainder was for indirect materials. c Total labor wages of $127,000 were paid in cash. Of this amount, $102,600 was for direct labor and 32 the remainder was for indirect labor d. Depreciation of $195,000 was incurred on factory equipment. Required:...
newconnect. meducation.com Pre Chapter 3 HW Help Saw a. $81,000 in raw materials were purchased on account. b. 579,000 in raw materials were used in production of this amount, $70,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $119,500 were paid in cash Of this amount. $100,100 was for direct labor and the remainder was for indirect labor d. Depreciation of $200,000 was incurred on factory equipment. Required: Record the above transactions in...
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. $86,000 in raw materials were purchased on account. b. $84.000 in raw materials were used in production of this amount, $71,000 was for direct materials and the remainder was for indirect materials. C. Total labor wages of $116,500 were paid in cash. Of this amount, $104,000 was for direct labor and the remainder was for indirect labor d. Depreciation of $195,000 was incurred on factory equipment. Required: Record...
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