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Prepare journal entries to record the following production activities for Hotwax. 1. Incurred $85,000 of direct labor in its
Prepare journal entries to record the following production activities for Hotwax. 1. Incurred $85,000 of direct labor in its
Prepare journal entries to record the following production activities for Hotwax. 1. Incurred $85,000 of direct labor in its
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Answer #1
No General Journal Debit Credit
1 Work in process inventory - Mixing 85,000
Work in Process - Shaping 85,000
Factory wages payable 170,000
2 Manufacturing overhead 20,500
Factory wages payable 20,500
3 Factory wages payable 190,500
Cash 190,500
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