Question

Journalize the following transactions for Lake's Seats. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,900. Date Accounts Debit Credit b. Incurred manufacturing wages of $16,000, 60% of which was direct labor and 40% of which was indirect labor. Date Accounts Debit Credit c. Purchased raw materials on account, $22,000. Date Accounts Debit Credit d. Used in production: direct materials, $7,000 indirect materials, $4,000 Credit Date Debit Accounts Choose from any list or enter any number in the input fields and then continue to the next question javascript:doExercise(4);

Answer 1

Journal Entry Rate credit (8) particulars Website Expenses cash Debit (8) 2,900 a) 2.१०० work-in-progress Inventory 9,600 manufacturing overhead Wages payable 6,400 16,000 c) Raw materials Inventory Accounts payable 22,000 22,000 d) work-in-process Inventory manufacturing overhead Raw materials inventory 7,000 4,000 11,000

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