Answer:
2-1
No |
Account Titles and Explanation |
Debit $ |
Credit $ |
1 |
Raw materials inventory |
17600 |
|
Accounts payable |
17600 |
||
2 |
Factory labor |
39600 |
|
Factory wages payable |
31300 |
||
Employer Payroll Taxes Payable |
8300 |
||
3 |
Manufacturing overhead |
15860 |
|
Prepaid Property Taxes |
2960 |
||
Accumulated Depreciation-Building |
9400 |
||
Utilities Payable |
3500 |
Note: As this question has more the one question so as per guideline I have answered first question
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