Question

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 journal entries. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 2 3 4 $81,000 in raw materials were purchased on account. Note: Enter debits before credits General Journal Credit Transaction a. Debit 81.000 Raw materials Accounts payable 81.000

Answer 1

Solution:

32 XK ak | Date Credit Account title Raw materials Inventory Accounts payable Debit 81000 81000 37 Work in process Inventory Manufacturing Overhead (79000-70000) Raw Materials Inventory 70000 9000 40 79000 41 Work in process Inventory Manufacturing Overhead (119500-100100) Factory labor Wages 100100 19400 119500 46 200000 Manufacturing overhead Accumulated depretion 47 200000 51 52 53 54 55 56 57 58 62 63 66 68 69 70 Sheet296 ) Sheet297 ) Sheet299 Sheet300 She