S.no | Account titles & Explanations | Debit | Credit |
a. | Web site expense | 2100 | |
To Cash | 2100 | ||
b. | Work in process inventory | 9100 | |
Manufacturing overhead | 4900 | ||
To Factory wages payable | 14000 | ||
c. | Raw materials inventory | 20000 | |
To Accounts payable | 20000 | ||
d. | Work in process inventory | 8000 | |
Manufacturing overhead | 2500 | ||
To Raw materials inventory | 10500 | ||
e. | Manufacturing overhead | 21700 | |
Accumulated depreciation | 16000 | ||
Prepaid insurance | 2000 | ||
property tax payable | 3700 | ||
f. | Work in process inventory | 19110 | |
To Manufacturing overhead | 19110 | ||
(9100*210%) | |||
g. | Finished goods inventory | 34000 | |
to Work in process inventory | 34000 | ||
h. | Account receivable | 30000 | |
To sales | 30000 | ||
Cost of goods sold | 10000 | ||
To finished goods inventory | 10000 | ||
i. | Cost of goods sold | 2590 | |
To manufacturing overhead | 2590 | ||
(21700-19110 = 2590) |
Journalize the following transactions for Sleek's Furniture. Explanations are not required. (Click the icon to view...
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.) e. Recorded manufacturing overhead: depreciation on plant, $12,000; plant insurance (previously paid), $1,300; plant property tax, $3,400 (credit Property Tax Payable). (Prepare a compound entry.) Date Accounts Debit Credit i More Info f. Allocated manufacturing overhead to jobs, 210% of direct labor costs. Date Accounts Debit Credit a. Incurred and paid...
Journalize the following transactions for Judy's Sofas. 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, $2,300 Date Debit Credit iMore Info b. Incurred manufacturing wages of $10,000, 60% of which was direct labor and 40% of which was indirect labor a. Incurred and paid Web site expenses, $2.300 b. Incurred manufacturing wages of $10,000, 60% of which was direct...
Journalize the following transactions for Blanche's 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, $2,300. Date Accounts Debit a. 2.300 Cash Website Expenses b. Incurred manufacturing wages of $20.000. 70% of which was direct labor and 30% of which was in Date Accounts Debit b. Work-in-Process Inventory Choose from any list or enter any number in the input...
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 - X D More Info a. Incurred and paid Web site expenses, $2,100. b. Incurred manufacturing wages of $14,000. 70% of which was direct labor and 30% of which was indirect...
Journalize the following transactions for Marge's SofasMarge's Sofas. SOLVE ONLY FOR i. Adjusted for overallocated or underallocated overhead. Given information a.Incurred and paid Web site expenses $2,000. b.Incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was indirect labor. c.Purchased raw materials on account $24,000. d.Used in production: direct materials,$7,500 ;indirect materials,$5,000. e.Recorded manufacturing overhead: depreciation on plant,$18,000;plant insurance (previously paid),$1,500;plant property tax, $3,900(credit Property Tax Payable). f.Allocated manufacturing overhead to jobs, 200% of...
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...
please answer both questions More Info a. Incurred and paid Web site expenses, $2,300. b. Incurred manufacturing wages of $10,000, 65% of which was direct labor and 35% of which was indirect labor. c. Purchased raw materials on account, $19,000 d. Used in production: direct materials, $8,000; indirect materials, $3,500 e. Recorded manufacturing overhead: depreciation on plant, $17,000; plant insurance (previously paid), $1,600; plant property tax, $3,700 (credit Property Tax Payable) f. Allocated manufacturing overhead to jobs, 150% of direct...
TUBULINUNUL U I UU66356365&Quebonld4&Plushed false&cid=5913127¢erwin-yes Apps G Gmail ODell BUSI 18 - Spring 2020 Ashley Rangel Homework: Chapter 17 Homework Score: 0.08 of 1 pt %E17-24 (similar to) 4 of 7 (4 complete) HW Score Journalize the following transactions for Judy's Sofas. Explanations are not required. i (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, $2,600 Date Accounts Debit Credit 1 More Info...
Record the following process costing transactions in the general joumal: (Click the icon to view the transactions.) a. Record the purchase of raw materials on account, $9,800. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit Date More info b. ACDOU Payable Accumulated Depreciation Plant Cash Finished Goods Inventory Manufacturing Overhead Prepaid Insurance Plant Property Taxes Payable Plant Raw Materials Inwentory Ulities Payable Wages Payable Work in Process Inventory Assembly Work in Process...
Selected cost data for European Poster, Co. are as follows: : (Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined overhead allocation rate per direct labor dollar. Predetermined overhead allocation rate Requirement 2. Prepare the journal entry to allocate overhead cost for the year. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Dec. 31 Requirement 3. Use a T-account to determine the amount of underallocated or overallocated...