Homework Answers
| Date | Accounts titles and explanation | Debit | Credit |
| Jan 31 | Work in process inventory ($990 + $1,300 + $770) | $3,060 | |
| Manufacturing overhead | $700 | ||
| ... Raw material Inventory | $3,760 | ||
| (To record the raw material used) |
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Accounting y Updates Question 2 ssions View Policies Current Attempt in Progress erences aborations In January,...
In January, Dieker Company requisitions raw materials for production as follows: Job 1 $930, Job 2...
In January, Dieker Company requisitions raw materials for production as follows: Job 1 $930, Job 2 $1,200, Job 3 $770, and general factory use $700. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31
please help with this accounting question! Question 4 Updates View Policies Current Attempt in Progress ences...
please help with this accounting question!
Question 4 Updates View Policies Current Attempt in Progress ences Record the following transactions on the books of Sunland Colomit cost of goods sold entries) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Rus support a) On July 1. Sunland Co. sold merchandise on account to Stacey Inc. for $22,180, terms 4/10, 1/30 On July & Stacey Inc....
Question 3 of 3 View Policies Current Attempt in Progress Fishel Company is working on two...
Question 3 of 3 View Policies Current Attempt in Progress Fishel Company is working on two job orders. The job cost sheets show the following Direct materials Direct labour Manufacturing overhead Job 201 $7,500 4,200 5.300 Job 232 $9,050 6,200 9,650 Prepare the three summary entries to record the assignment of costs to Work in Process from the data on account titles are automatically indented when amount is entered. Do not indent manually Credi Debit Account Titles and Explanation (To...
0.6 Question 4 View Policies Show Attempt History Current Attempt in Progress . Your answer is...
0.6 Question 4 View Policies Show Attempt History Current Attempt in Progress . Your answer is partially correct. Kingbird Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at a cost of $966,100. At December 31, 2020, the raw materials to be purchased have a market value of $921,000. In 2021, Kingbird paid $966,100 to obtain the raw materials which were worth $921,000. Prepare the entry to record the purchase. (Credit account...
Question 2 View Policies Current Attempt in Progress ort A job order cost sheet for Ryan...
Question 2 View Policies Current Attempt in Progress ort A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units or Direct Materials Direct Labor Manufacturing Overhead Date Beg. bal. Jan. 1 6,300 6,980 4,886 6,980 9,200 7,360 3,000 4,000 3,200 16,280 20,180 15,446 Cost of completed job: Direct materials $16,280 Direct labor 20,180 Manufacturing overhead 15,446 Total cost $51,906 Tinit cnct 1051 02.2000 42505 Cost of completed job: Direct materials $16.280 20,180 Direct...
Question 6 View Policies Current Attempt in Progress Crane Company issued $630,000, 10-year, 4% bonds at...
Question 6 View Policies Current Attempt in Progress Crane Company issued $630,000, 10-year, 4% bonds at 103. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 e Texthank and Media
Question 5 --/1 View Policies Current Attempt in Progress A job order cost sheet for Ryan...
Question 5 --/1 View Policies Current Attempt in Progress A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Direct Materials Direct Labor Manufacturing Overhead Date Beg. bal. Jan. 1 5,700 7,000 4,900 7,000 10,000 8,500 2,200 4,000 3,400 16,800 14,900 21,000 Cost of completed job: Direct materials $14,900 Direct labor 21,000 Manufacturing overhead 16,800 Total cost $52,700 Unit cost ($52,700 + 2,000) $26.35 (a) On the basis of the foregoing data, answer...
please help with this accounting question! Question 11 View Policies Current Attempt in Progress On March...
please help with this accounting question!
Question 11 View Policies Current Attempt in Progress On March 3, Oriole Company sells $736,600 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 4% of the amount of receivables sold Prepare the entry on Oriole Company books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 3...
View Policies Show Attempt History Current Attempt in Progress Sandhill Co. issued $310,000 of 8 %...
View Policies Show Attempt History Current Attempt in Progress Sandhill Co. issued $310,000 of 8 % , 20- year bonds on January 1, 2022, at face value. Interest is payable annually on January 1. (a) Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Date Debit...
--/1 Question 1 View Policies Current Attempt in Progress Culver Company purchased equipment on January 2,...
--/1 Question 1 View Policies Current Attempt in Progress Culver Company purchased equipment on January 2, 2016, for $113,000. The equipment had an estimated useful life of 5 years with an estimated salvage value of $11,600. Culver uses straight-line depreciation on all assets. On January 2, 2020, Culver exchanged this equipment plus $12,500 in cash for newer equipment. The old equipment has a fair value of $47,600. Prepare the journal entry to record the exchange on the books of Culver...
In January, Dieker Company requisitions raw materials for production as follows: Job 1 $930, Job 2 $1,200, Job 3 $770, and general factory use $700. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31
please help with this accounting question!
Question 4 Updates View Policies Current Attempt in Progress ences Record the following transactions on the books of Sunland Colomit cost of goods sold entries) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Rus support a) On July 1. Sunland Co. sold merchandise on account to Stacey Inc. for $22,180, terms 4/10, 1/30 On July & Stacey Inc....
Question 3 of 3 View Policies Current Attempt in Progress Fishel Company is working on two job orders. The job cost sheets show the following Direct materials Direct labour Manufacturing overhead Job 201 $7,500 4,200 5.300 Job 232 $9,050 6,200 9,650 Prepare the three summary entries to record the assignment of costs to Work in Process from the data on account titles are automatically indented when amount is entered. Do not indent manually Credi Debit Account Titles and Explanation (To...
0.6 Question 4 View Policies Show Attempt History Current Attempt in Progress . Your answer is partially correct. Kingbird Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at a cost of $966,100. At December 31, 2020, the raw materials to be purchased have a market value of $921,000. In 2021, Kingbird paid $966,100 to obtain the raw materials which were worth $921,000. Prepare the entry to record the purchase. (Credit account...
Question 2 View Policies Current Attempt in Progress ort A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units or Direct Materials Direct Labor Manufacturing Overhead Date Beg. bal. Jan. 1 6,300 6,980 4,886 6,980 9,200 7,360 3,000 4,000 3,200 16,280 20,180 15,446 Cost of completed job: Direct materials $16,280 Direct labor 20,180 Manufacturing overhead 15,446 Total cost $51,906 Tinit cnct 1051 02.2000 42505 Cost of completed job: Direct materials $16.280 20,180 Direct...
Question 6 View Policies Current Attempt in Progress Crane Company issued $630,000, 10-year, 4% bonds at 103. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 e Texthank and Media
Question 5 --/1 View Policies Current Attempt in Progress A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Direct Materials Direct Labor Manufacturing Overhead Date Beg. bal. Jan. 1 5,700 7,000 4,900 7,000 10,000 8,500 2,200 4,000 3,400 16,800 14,900 21,000 Cost of completed job: Direct materials $14,900 Direct labor 21,000 Manufacturing overhead 16,800 Total cost $52,700 Unit cost ($52,700 + 2,000) $26.35 (a) On the basis of the foregoing data, answer...
please help with this accounting question!
Question 11 View Policies Current Attempt in Progress On March 3, Oriole Company sells $736,600 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 4% of the amount of receivables sold Prepare the entry on Oriole Company books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 3...
View Policies Show Attempt History Current Attempt in Progress Sandhill Co. issued $310,000 of 8 % , 20- year bonds on January 1, 2022, at face value. Interest is payable annually on January 1. (a) Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Date Debit...
--/1 Question 1 View Policies Current Attempt in Progress Culver Company purchased equipment on January 2, 2016, for $113,000. The equipment had an estimated useful life of 5 years with an estimated salvage value of $11,600. Culver uses straight-line depreciation on all assets. On January 2, 2020, Culver exchanged this equipment plus $12,500 in cash for newer equipment. The old equipment has a fair value of $47,600. Prepare the journal entry to record the exchange on the books of Culver...
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