Homework Answers
| Journal Entries | |||
| Transaction | ACCOUNT TITLES AND EXPLANATIONS | DEBIT ($) | CREDIT ($) |
| 1 | Service Contracts in Process | 39,500.00 | |
| Operating Overhead | 11,200.00 | ||
| Service salaries and wages | 50,700.00 | ||
| (To record service salary and wages) | |||
| 2 | Service Contracts in Process | 9,875.00 | |
| Operating Overhead (39,500 x 25%) | 9,875.00 | ||
| (To record applied overhead) | |||
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ant CALCULATOR PRINTER VERSION 4 Brief Exercise 2-9 Ruiz Engineering Contractors incurred service salaries and wages...
CALCULATOR PRINTER VERSION BACK Brief Exercise 2-9 Ruir Engineering Contractors incurred service salaries and wages of...
CALCULATOR PRINTER VERSION BACK Brief Exercise 2-9 Ruir Engineering Contractors incurred service salaries and wages of $50,00 (530,500 direct and $11.200 indirect) on an engineering project. The company applies overhead at a rate of 25% of direct labor Record the entries to assion service salaries and wages and to apply overhead. (Credit account wiles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record service salary and wages) To record...
Ruiz Engineering Contractors Incurred service salaries and wages of $41,800 ($34,400 direct and $7,400 indirect) on...
Ruiz Engineering Contractors Incurred service salaries and
wages of $41,800 ($34,400 direct and $7,400 indirect) on an
engineering project. The company applies overhead at a rate of 22%
of direct labor.
Record the entries to assign service salaries and wages and to
apply overhead.
m/courses/4920/assignments/79895?module_item_id-190679 Question 1 View Policies Current Attempt in Progress Ruiz Engineering Contractors incurred service salaries and wages of $41,800 ($34,400 direct and $7.400 indirect) on an engineering project. The company applies overhead at a rate of...
Current Anempt in Progress Jamasji Engineering Contractors incurred service salaries and wages of $41.600 ($29,700 direct...
Current Anempt in Progress Jamasji Engineering Contractors incurred service salaries and wages of $41.600 ($29,700 direct and $11.900 indirect) on an engineering project. The company applies overhead at a rate of 22% of direct labour. Record the entries to assign service salaries and wages and to apply overhead. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Sheridan Engineering Contractors incurred service salaries and wages of $44,700 (534, 100 direct and $10,600 indirect)...
Sheridan Engineering Contractors incurred service salaries and wages of $44,700 (534, 100 direct and $10,600 indirect) on an engineering project. The company applies overhead at a rate of 24% of direct labor. Record the entries to assign service salaries and wages and to apply overhead. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Service Contracts in Process Operating Overhead Service Salaries and Wages (To record service salary...
CALCULATOR PRINTER VERSION HACK NEXT Brief Exercise 3-06 On July 1, 2020, Splish Brothers Inc, pays...
CALCULATOR PRINTER VERSION HACK NEXT Brief Exercise 3-06 On July 1, 2020, Splish Brothers Inc, pays $24,900 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31 Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Uneared Service Revenue and Service Revenue (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
CALCULATOR PRINTER VERSION BACK Brief Exercise 10-3 Greenspan Supply does not segregate sales and sales taxes...
CALCULATOR PRINTER VERSION BACK Brief Exercise 10-3 Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $16,960. All sales are subject to a 6% sales tax. Compute sales taxes payable. Sales taxes payable Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 16
PRINTER VERSION BACK NEXT CALCULATOR Problem 10-01A On January 1, 2022, the ledger of Carla Vista...
PRINTER VERSION BACK NEXT CALCULATOR Problem 10-01A On January 1, 2022, the ledger of Carla Vista Co. contained these liability accounts Accounts Payable $43,400 Sales Taxes Payable Unearned Service Revenue 7.500 carosenice Revenue 19.900 During January, the following selected transactions occurred. Jan. 1 5 12 14 20 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note Sold merchandise for cash totaling $6,360, which includes 6% sales taxes Performed services for customers who had made advance payments...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-11 Oriole Company traded a used truck...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-11 Oriole Company traded a used truck for a new truck. The used truck cost $45,600 and has accumulated depreciation of $41,040. The new truck is worth $56,240. Oriole also made a cash payment of $54,720 Prepare Oriole's entry to record the exchange. The exchange lacks commercial substance) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 24-09 Journalize the following transactions for Shelton,...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 24-09 Journalize the following transactions for Shelton, Inc. (a) (b) Incurred direct labor costs of $24,380 for 4,600 hours. The standard labor cost was $25,990. Assigned 4,600 direct labor hours costing $24,380 to production. Standard hours were 4,780. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round per unit values to 2 decimal places, e.g. 52.75 and final answers to o decimal places, e.g. 52.)...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 16-03 Vaughn Company purchases $53,000 of raw...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 16-03 Vaughn Company purchases $53,000 of raw materials on account, and it incurs $63,800 of factory labor costs. Supporting records show that (a) the Assembly Department used $32,700 of the raw materials and $37,900 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments....
CALCULATOR PRINTER VERSION BACK Brief Exercise 2-9 Ruir Engineering Contractors incurred service salaries and wages of $50,00 (530,500 direct and $11.200 indirect) on an engineering project. The company applies overhead at a rate of 25% of direct labor Record the entries to assion service salaries and wages and to apply overhead. (Credit account wiles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record service salary and wages) To record...
Ruiz Engineering Contractors Incurred service salaries and
wages of $41,800 ($34,400 direct and $7,400 indirect) on an
engineering project. The company applies overhead at a rate of 22%
of direct labor.
Record the entries to assign service salaries and wages and to
apply overhead.
m/courses/4920/assignments/79895?module_item_id-190679 Question 1 View Policies Current Attempt in Progress Ruiz Engineering Contractors incurred service salaries and wages of $41,800 ($34,400 direct and $7.400 indirect) on an engineering project. The company applies overhead at a rate of...
Current Anempt in Progress Jamasji Engineering Contractors incurred service salaries and wages of $41.600 ($29,700 direct and $11.900 indirect) on an engineering project. The company applies overhead at a rate of 22% of direct labour. Record the entries to assign service salaries and wages and to apply overhead. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Sheridan Engineering Contractors incurred service salaries and wages of $44,700 (534, 100 direct and $10,600 indirect) on an engineering project. The company applies overhead at a rate of 24% of direct labor. Record the entries to assign service salaries and wages and to apply overhead. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Service Contracts in Process Operating Overhead Service Salaries and Wages (To record service salary...
CALCULATOR PRINTER VERSION HACK NEXT Brief Exercise 3-06 On July 1, 2020, Splish Brothers Inc, pays $24,900 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31 Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Uneared Service Revenue and Service Revenue (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
CALCULATOR PRINTER VERSION BACK Brief Exercise 10-3 Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $16,960. All sales are subject to a 6% sales tax. Compute sales taxes payable. Sales taxes payable Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 16
PRINTER VERSION BACK NEXT CALCULATOR Problem 10-01A On January 1, 2022, the ledger of Carla Vista Co. contained these liability accounts Accounts Payable $43,400 Sales Taxes Payable Unearned Service Revenue 7.500 carosenice Revenue 19.900 During January, the following selected transactions occurred. Jan. 1 5 12 14 20 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note Sold merchandise for cash totaling $6,360, which includes 6% sales taxes Performed services for customers who had made advance payments...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-11 Oriole Company traded a used truck for a new truck. The used truck cost $45,600 and has accumulated depreciation of $41,040. The new truck is worth $56,240. Oriole also made a cash payment of $54,720 Prepare Oriole's entry to record the exchange. The exchange lacks commercial substance) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 24-09 Journalize the following transactions for Shelton, Inc. (a) (b) Incurred direct labor costs of $24,380 for 4,600 hours. The standard labor cost was $25,990. Assigned 4,600 direct labor hours costing $24,380 to production. Standard hours were 4,780. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round per unit values to 2 decimal places, e.g. 52.75 and final answers to o decimal places, e.g. 52.)...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 16-03 Vaughn Company purchases $53,000 of raw materials on account, and it incurs $63,800 of factory labor costs. Supporting records show that (a) the Assembly Department used $32,700 of the raw materials and $37,900 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments....
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