During the first quarter, Carla Vista Company incurs the following direct labor costs: January $58,300, February...
During the first quarter, Carla Vista Company incurs the
following direct labor costs: January $58,300, February $48,700,
and March $64,500.
For each month, prepare the entry to assign overhead to production
using a predetermined rate of 70% of direct labor cost.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually. Record journal entries
in the order presented in the problem.)
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|
Jan. 31Feb. 28Mar. 31 |
|||
|
Jan. 31Feb. 28Mar. 31 |
|||
|
Jan. 31Feb. 28Mar. 31 |
|||
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During the first quarter, Carla Vista Company incurs the
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Type or paste question here On January 1, 2020, Carla Vista Company issued $395,500, 9%, 5-year...
Type or paste question here
On January 1, 2020, Carla Vista Company issued $395,500, 9%,
5-year bonds at face value. Interest is payable annually on January
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(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 1, 2020
SHOW LIST OF ACCOUNTS
LINK TO TEXT
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Type or paste question here
On January 1, 2020, Carla Vista Company issued $395,500, 9%,
5-year bonds at face value. Interest is payable annually on January
1.
Prepare the journal entry to record the issuance of the bonds.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 1, 2020
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Prepare the journal entry to record the accrual of interest on...
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On January 1, 2017, Carla Vista Company leased equipment to Flynn Corporation. The following information pertains to this lease: 1. The term of the non-cancelable lease is 6 years. At the end of the lease term, Flynn has the option to purchase the equipment for $3,000, while the expected residual value at the end of the lease is $8,000. 2 Equal rental payments are due on January 1 of each year, beginning in 2017 3. The fair value of the...
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Current Attempt in Progress Carla Vista Company exchanges an industrial oven for an industrial freezer. The carrying amount of the industrial oven is $37,300 (cost $53.200 less accumulated depreciation $15.900). The oven's fair value is $23,300 and cash of $5,470 is paid by Carla Vista in the exchange. Prepare the entry to record the exchange (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry" for the...
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