Question

Score: 0 of 2 pts E17-24 (similar to) Journalize the following transactions for Flores' Benches. 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. $2,100. Date Accounts Debit Credit

Answer 1

А Date D Credit 32 B Account Titles and Explanation Web site expense Cash с Debit $2,100 33 a. $2,100 b. Work in process inventory Manufacturing overhead Factory wages payable $9,800 $4,200 $14,000 C. $20,000 Raw materials inventory Accounts payable $20,000 d. Work in process inventory Manufacturing overhead Raw materials inventory $6,000 $4,500 $10,500 e. $16,400 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 Manufacturing overhead Accumulated depreciation Prepaid insurance Property taxes payable $12,000 $1,000 $3,400 f. $14,700 Work in process inventory Manufacturing overhead $14,700 $36,000 Finished goods inventory Work in process inventory $36,000 h. $24,000 $24,000 Accounts receivable Sales Cost of goods sold Finished goods inventory $12,000 $12,000 i. $10,400 Cost of goods sold Manufacturing overhead $10,400

А Date с Debit D Credit 32 33 B Account Titles and Explanation Web site expense Cash a. 2100 34 2100 b. Work in process inventory Manufacturing overhead Factory wages payable =14000*70% =14000*30% 14000 C. 20000 Raw materials inventory Accounts payable =C40 d. Work in process inventory Manufacturing overhead Raw materials inventory 6000 4500 =C43+C44 e. =D48+D49+D50 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 Manufacturing overhead Accumulated depreciation Prepaid insurance Property taxes payable 12000 1000 3400 f. Work in process inventory Manufacturing overhead =14000*70%*150% =C52 36000 Finished goods inventory Work in process inventory =C55 h. 24000 =C58 Accounts receivable Sales Cost of goods sold Finished goods inventory 12000 =C60 i. =D64 Cost of goods sold Manufacturing overhead =C37+C44+C47-D53