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Homework Answers
The following are the journal entries are,
| Transaction | General Journal | Debit | Credit |
| a) | Raw material purchased |
$ 84,000 |
|
| Account payble | $84000 | ||
| b) | Work in process | $68000 | |
|
Manufacturing overheads |
$14000 | ||
| Raw material | $82000 | ||
| c) | Work in process | $ 101300 | |
| Manufacturing overheads | $26200 | ||
| cash | $127500 | ||
| d) | Manufacturing overheads |
$194000 |
Accumulated Depreciation equipment $ 194000
Larned Corporation recorded the following transactions for the just completed month. $84,000 in raw materials were
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Exercise 3-1 (Algo) Prepare Journal Entries [LO3-1] Larned Corporation recorded the following transactions for the just...
Larned Corporation recorded the following transactions for the just completed month. $84,000 in raw materials were...
Larned Corporation recorded the following transactions for the just completed month. $84,000 in raw materials were purchased on account. $82,000 in raw materials were used in production. Of this amount, $74,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $115,000 were paid in cash. Of this amount, $102,800 was for direct labor and the remainder was for indirect labor. Depreciation of $193,000 was incurred on factory equipment. Required: Record the above transactions in...
Larned Corporation recorded the following transactions for the just completed month. $84,000 in raw materials were...
Larned Corporation recorded the following transactions for the just completed month. $84,000 in raw materials were purchased on account. $82,000 in raw materials were used in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $125,000 were paid in cash. Of this amount, $102,500 was for direct labor and the remainder was for indirect labor. Depreciation of $196,000 was incurred on factory equipment. Required: Record the above transactions in...
Thank you Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in...
Thank you
Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account. b. $69,000 in raw materials were used in production. Of this amount, $57,000 was for direct materials and the remainder was for indirect materials. c Total labor wages of $113,500 were paid in cash Of this amount, $100,100 was for direct labor and the remainder was for indirect d. Depreciation of $194,000 was incurred on factory equipment. labor...
Exercise 3-1 Prepare Journal Entries [LO3-1]
Exercise 3-1 Prepare Journal Entries [LO3-1]Larned Corporation recorded the following transactions for the just completed month.a. $ 80,000 in raw materials were purchased on account.b. $ 71,000 in raw materials were used in production. Of this amount, $ 62,000 was for direct materials and the remainder was for indirect materials.c. Total labor wages of $ 112,000 were paid in cash. Of this amount, $ 101,000 was for direct labor and the remainder was for indirect labor.d. Depreciation of $ 175,000...
Larned Corporation recorded the following transactions for the just completed month. $83,000 in raw materials were...
Larned Corporation recorded the following transactions for the just completed month. $83,000 in raw materials were purchased on account. $81,000 in raw materials were used in production. Of this amount, $74,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $125,000 were paid in cash. Of this amount, $102,400 was for direct labor and the remainder was for indirect labor. Depreciation of $194,000 was incurred on factory equipment. Required: Record the above transactions in...
Larned Corporation recorded the following transactions for the Just completed month. a. $82,000 in raw materials...
Larned Corporation recorded the following transactions for the Just completed month. a. $82,000 in raw materials were purchased on account b. $80,000 in raw materials were used in production. Of this amount, $67,000 was for direct materials and the remainder was for Indirect materials c. Total labor wages of $107,000 were paid in cash. Of this amount, $100,700 was for direct labor and the remainder was for Indirect labor. d. Depreciation of $197,000 was incurred on factory equipment. Required: Record...
Exercise 3-1 Prepare Journal Entries (L03-1) Larned Corporation recorded the following transactions for the just completed...
Exercise 3-1 Prepare Journal Entries (L03-1) Larned Corporation recorded the following transactions for the just completed month. a. $89,000 in raw materials were purchased on account. b. $87,000 in raw materials were used in production. Of this amount, $75,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $107.000 were paid in cash. Of this amount, $102,900 was for direct labor and the remainder was for indirect labor. d. Depreciation of $193,000 was...
Chapter 3 G Hel Saved Larned Corporation recorded the following transactions for the just completed month....
Chapter 3 G Hel Saved Larned Corporation recorded the following transactions for the just completed month. a. $84,000 In raw materlals were purchased on account. b. $82,000 In raw materlals were used In production. Of this amount, $71,000 was for direct materlals and the remalnder was for 10 points Indirect materials Sklpped C. Total labor wages of $114,500 were paid in cash. Of this amount, $101,100 was for direct labor and the remainder was for indirect labor d. Depreclation of...
Larned Corporation recorded the following transactions for the just completed month.
Larned Corporation recorded the following transactions for the just completed month.a. $ 88,000 in raw materials were purchased on account.b. $ 86,000 in raw materials were used in production. Of this amount, $73,000 was for direct materials and the remainder was for indirect materials.C. Total labor wages of $115,000 were paid in cash. Of this amount, $102,600 was for direct labor and the remainder was for indirect labor.d. Depreciation of $193,000 was incurred on factory equipment.Required:Record the above transactions in...
Larned Corporation recorded the following transactions for the just completed month
Larned Corporation recorded the following transactions for the just completed month.a. $71.000 in raw materials were purchased on account.b. $69,000 in raw materials were requisitioned for use in production. Of this amount, $58,000 was for direct materials and the remainder was for indirect materials.c. Total labor wages of $112,000 were incurred. Of this amount, $102,200 was for direct labor and the remainder was for indirect labor.d. Additional manufacturing overhead costs of $194.000 were incurred.Required:Record the above transactions in journal entries....
Thank you
Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account. b. $69,000 in raw materials were used in production. Of this amount, $57,000 was for direct materials and the remainder was for indirect materials. c Total labor wages of $113,500 were paid in cash Of this amount, $100,100 was for direct labor and the remainder was for indirect d. Depreciation of $194,000 was incurred on factory equipment. labor...
Exercise 3-1 Prepare Journal Entries [LO3-1]Larned Corporation recorded the following transactions for the just completed month.a. $ 80,000 in raw materials were purchased on account.b. $ 71,000 in raw materials were used in production. Of this amount, $ 62,000 was for direct materials and the remainder was for indirect materials.c. Total labor wages of $ 112,000 were paid in cash. Of this amount, $ 101,000 was for direct labor and the remainder was for indirect labor.d. Depreciation of $ 175,000...
Larned Corporation recorded the following transactions for the Just completed month. a. $82,000 in raw materials were purchased on account b. $80,000 in raw materials were used in production. Of this amount, $67,000 was for direct materials and the remainder was for Indirect materials c. Total labor wages of $107,000 were paid in cash. Of this amount, $100,700 was for direct labor and the remainder was for Indirect labor. d. Depreciation of $197,000 was incurred on factory equipment. Required: Record...
Exercise 3-1 Prepare Journal Entries (L03-1) Larned Corporation recorded the following transactions for the just completed month. a. $89,000 in raw materials were purchased on account. b. $87,000 in raw materials were used in production. Of this amount, $75,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $107.000 were paid in cash. Of this amount, $102,900 was for direct labor and the remainder was for indirect labor. d. Depreciation of $193,000 was...
Chapter 3 G Hel Saved Larned Corporation recorded the following transactions for the just completed month. a. $84,000 In raw materlals were purchased on account. b. $82,000 In raw materlals were used In production. Of this amount, $71,000 was for direct materlals and the remalnder was for 10 points Indirect materials Sklpped C. Total labor wages of $114,500 were paid in cash. Of this amount, $101,100 was for direct labor and the remainder was for indirect labor d. Depreclation of...
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