Homework Answers
| Date | Account Titles | Debit | Credit |
| March 10 | Raw materials inventory | $2750 | |
| Accounts Payable (500*5.50) | $2750 | ||
| March 15 | Work in Process | $2400 | |
| Raw materials inventory (400*6) | $2400 | ||
| March 25 | Work in Process | $1650 | |
| Raw materials inventory (300*5.50) | $1650 |
Add Answer to:
Record the journal entries for the following transactions: 1. March 10: 500 units of raw materials...
Record the journal entries for the following transactions: 1. March 10: 400 units of raw materials...
Record the journal entries for the following transactions: 1. March 10: 400 units of raw materials were purchased on account at $5.50 per unit. 2. March 15: 300 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 200 units of raw materials were requisitioned at $5.50 per unit for production, Job 879. March 10 March 15 ►► March 25 Next O 10 020 G Н. B N M M
Calculato Record the journal entries for the following transactions 1. March 10: 400 units of raw...
Calculato Record the journal entries for the following transactions 1. March 10: 400 units of raw materials were purchased on account at $5.50 per unit 2. March 15: 300 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 200 units of raw materials were requisitioned at $5.50 per unit for production, Job 879 March 10 ?? March 15 March 25
Journalize the entries to record the following transactions: 1. Mar. 10: 500 units of raw materials...
Journalize the entries to record the following transactions: 1. Mar. 10: 500 units of raw materials were purchased on account at $6.50 per unit. 2. Mar. 15: 400 units of raw materials were requisitioned at $7.00 per unit for production, Job 872. 3. Mar. 25: 300 units of raw materials were requisitioned at $6.50 per unit for production, Job 879. If an amount box does not require an entry, leave it blank. Mar. 10 Mar. 15 Mar. 25 The cost...
Job Costing Journal Entries Prepare journal entries to record the following transactions and events for September...
Job Costing Journal Entries Prepare journal entries to record the following transactions and events for September using a job order costing system. (a) Purchased raw materials on credit, $189.000. (b) Raw materials requisitioned: $62,000 direct and $40,000 indirect. (c) Factory payroll accrued $125,000, including $75,000 indirect labor, remainder was direct labor. (d) Paid other actual overhead costs totaling $58,500 with cash. (e) Applied overhead totaling $47.500. (f) Finished and transferred jobs totaling $277,800. (g) Jobs costing $189.800 were sold on...
Issuance of Materials On August 4, Jernigan Company purchased on account 760 units of raw materials...
Issuance of Materials On August 4, Jernigan Company purchased on account 760 units of raw materials at $22 per unit. During August, raw materials were requisitioned for production as follows: 289 unit for Job 40 at $18 per unit and 312 units for Job 42 at $22 per unit. Journalize the entry on August 4 to record the purchase. Aug. 4 Journalize the entry on August 31 to record the requisition from the materials storeroom. Aug. 31
Prepare Journal Entries for 1. Raw materials were purchased on account: $236000 2. Raw materials were...
Prepare Journal Entries for
1. Raw materials were purchased on account: $236000
2. Raw materials were requisitioned for use in production:
$208,000 (85% direct and 15% indirect)
3. Record the costs that were incurred for employee
services.
4. Heat, power, and water costs were incurred in the factory:
$50,100.
5. Prepaid insurance expired during the year: $19,000 (80%
relates to factory operations, and 20% relates to selling and
administrative activities).
6. Advertising costs were incurred, $59,000.
7. Depreciation was recorded...
On May 7, Bergan Company purchased on account 60,500 units of raw materials at $13.00 per...
On May 7, Bergan Company purchased on account 60,500 units of raw materials at $13.00 per unit. During May, raw materials were requisitioned for production as follows: 26,600 units for Job 200 at $9.00 per unit and 26,800 units for Job 305 at $13.00 per unit. Journalize the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials storeroom. Refer to the Chart of Accounts for exact wording of account titles....
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials...
Lamed 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 requisitioned for use 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 incurred. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $175,000 were incurred. Required: Record...
On April 6, Keenan Company purchased on account 480 units of raw materials at $16 per...
On April 6, Keenan Company purchased on account 480 units of raw materials at $16 per unit. On April 21, raw materials were requisitioned for production as follows: 202 units for Job 50 at $12 per unit and 149 units for Job 51 at $16 per unit. Journalize the entry on April 6 to record the purchase. Apr. 6 Journalize the entry on April 21 to record the requisition from the materials storeroom. Apr. 21
On August 4, Darling Company purchased on account 660 units of raw materials at $11 per...
On August 4, Darling Company purchased on account 660 units of raw materials at $11 per unit. During August, raw materials were requisitioned for production as follows: 198 units for Job 40 at $9 per unit and 284 units for Job 42 at $11 per unit. Journalize the entry on August 4 to record the purchase. Aug. 4 Journalize the entry on August 31 to record the requisition from the materials storeroom. Aug. 31
Record the journal entries for the following transactions: 1. March 10: 400 units of raw materials were purchased on account at $5.50 per unit. 2. March 15: 300 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 200 units of raw materials were requisitioned at $5.50 per unit for production, Job 879. March 10 March 15 ►► March 25 Next O 10 020 G Н. B N M M
Calculato Record the journal entries for the following transactions 1. March 10: 400 units of raw materials were purchased on account at $5.50 per unit 2. March 15: 300 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 200 units of raw materials were requisitioned at $5.50 per unit for production, Job 879 March 10 ?? March 15 March 25
Journalize the entries to record the following transactions: 1. Mar. 10: 500 units of raw materials were purchased on account at $6.50 per unit. 2. Mar. 15: 400 units of raw materials were requisitioned at $7.00 per unit for production, Job 872. 3. Mar. 25: 300 units of raw materials were requisitioned at $6.50 per unit for production, Job 879. If an amount box does not require an entry, leave it blank. Mar. 10 Mar. 15 Mar. 25 The cost...
Job Costing Journal Entries Prepare journal entries to record the following transactions and events for September using a job order costing system. (a) Purchased raw materials on credit, $189.000. (b) Raw materials requisitioned: $62,000 direct and $40,000 indirect. (c) Factory payroll accrued $125,000, including $75,000 indirect labor, remainder was direct labor. (d) Paid other actual overhead costs totaling $58,500 with cash. (e) Applied overhead totaling $47.500. (f) Finished and transferred jobs totaling $277,800. (g) Jobs costing $189.800 were sold on...
Issuance of Materials On August 4, Jernigan Company purchased on account 760 units of raw materials at $22 per unit. During August, raw materials were requisitioned for production as follows: 289 unit for Job 40 at $18 per unit and 312 units for Job 42 at $22 per unit. Journalize the entry on August 4 to record the purchase. Aug. 4 Journalize the entry on August 31 to record the requisition from the materials storeroom. Aug. 31
Prepare Journal Entries for
1. Raw materials were purchased on account: $236000
2. Raw materials were requisitioned for use in production:
$208,000 (85% direct and 15% indirect)
3. Record the costs that were incurred for employee
services.
4. Heat, power, and water costs were incurred in the factory:
$50,100.
5. Prepaid insurance expired during the year: $19,000 (80%
relates to factory operations, and 20% relates to selling and
administrative activities).
6. Advertising costs were incurred, $59,000.
7. Depreciation was recorded...
Lamed 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 requisitioned for use 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 incurred. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $175,000 were incurred. Required: Record...
On August 4, Darling Company purchased on account 660 units of raw materials at $11 per unit. During August, raw materials were requisitioned for production as follows: 198 units for Job 40 at $9 per unit and 284 units for Job 42 at $11 per unit. Journalize the entry on August 4 to record the purchase. Aug. 4 Journalize the entry on August 31 to record the requisition from the materials storeroom. Aug. 31
Most questions answered within 3 hours.
-
An imprest petty cash fund of $600 was established for minor
disbursements. At the end of...
asked 1 minute from now -
Sharpe Cutter is a small company that produces specialty knives
for paper cutting machinery. The annual...
asked 2 minutes ago -
Calculating the Ka of a weak acid from
pH:
The pH of a 0.68M solution of...
asked 4 minutes ago -
1.What process is pushing back against gravity in the very
center (the core) of sun-like stars?...
asked 24 minutes ago -
This question is from the textbook "Python for ArcGIS" by Laura
Tateosian:
Write a script "triangles.py"...
asked 22 minutes ago -
Which of the following is an impediment that makes it
difficult for firms to achieve the...
asked 23 minutes ago -
Calculate the amount of heat needed to boil 123.g of octane
(C8H18), beginning from a temperature...
asked 31 minutes ago -
my
prof asked us to make a problem set then we find solve it
Chi-Square Test...
asked 38 minutes ago -
In recent years, 80% of those accused of Driving Under the
Influence (DUI) get convicted (includes...
asked 48 minutes ago -
Why does Max Weber distinguish between "power," "authority," and
different types of authority? What is he...
asked 48 minutes ago -
What would the solow growth model look like if there was a
production function which had...
asked 53 minutes ago -
A company project has an initial cost of $40,000, expected net
cash flows of $9,000 per...
asked 55 minutes ago