S. no |
Transactions |
Debit |
Credit |
1. |
Material Inventory To Accounts Payable |
16500 |
|
16500 |
|||
2 |
Manufacturing overhead Control To Material Inventory |
850 |
850 |
3 |
Material Inventory To Accounts Payable |
11300 |
|
11300 |
|||
4. |
Accounts Payable To cash |
11300 |
|
11300 |
|||
5. |
Work in process – direct Material To Materials Inventory |
13700 |
|
13700 |
|||
6. |
Work n progress- Direct Labour To Wages Payable |
20500 |
|
20500 |
|||
7. |
Manufacturing Overhead Control To cash |
21300 |
|
21300 |
|||
8. |
Work in progress – overhead To Applied manu. overhead |
24600 |
|
24600 |
|||
9. |
Manufacturing overhead Control To Accumulated Depriciation |
10100 |
|
10100 |
T account don,t know
The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm: 1. Purchased $16,500...
The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm: 1. Purchased $23,000 of materials on account 2. Issued $1,500 of upplies from the m e inventory. 3. Purchased $12,600 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $15,000 in direct materials to the production department 6. Incurred direct labor costs of $27,000, which were credited to Wages Payable. 7. Paid $22,600 cash for utilities, power, equipment maintenance,...
The following transactions occurred in April at Steve’s Cabinets, a custom cabinet firm: Purchased $80,000 of materials on account. Issued $4,000 of supplies from the materials inventory. Purchased $56,000 of materials on account. Paid for the materials purchased in transaction (1) using cash. Issued $68,000 in direct materials to the production department. Incurred direct labor costs of $100,000, which were credited to Wages Payable. Paid $106,000 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant....
The following transactions occurred in April at Steve’s Cabinets, a custom cabinet firm: Purchased $18,000 of materials on account. Issued $1,000 of supplies from the materials inventory. Purchased $11,600 of materials on account. Paid for the materials purchased in transaction (1) using cash. Issued $14,000 in direct materials to the production department. Incurred direct labor costs of $22,000, which were credited to Wages Payable. Paid $21,600 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant....
The following transactions occurred in April at Steve’s Cabinets, a custom cabinet firm. 1. Purchased $18,500 of materials on account. 2. Issued $1,050 of supplies from the materials inventory. 3. Purchased $11,700 of materials on account 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $14,100 in direct materials to the production department. 6. Incurred direct labor costs of $22,500, which were credited to Wages Payable. 7. Paid $21,700 cash for utilities, power, equipment maintenance, and...
The following transactions occurred in April at Steve’s Cabinets, a custom cabinet firm. Purchased $17,000 of materials on account. Issued $900 of supplies from the materials inventory. Purchased $11,400 of materials on account. Paid for the materials purchased in transaction (1) using cash. Issued $13,800 in direct materials to the production department. Incurred direct labor costs of $21,000, which were credited to Wages Payable. Paid $21,400 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant....
The following transactions occurred in April at Steve’s Cabinets, a custom cabinet firm: Purchased $21,500 of materials on account. Issued $1,350 of supplies from the materials inventory. Purchased $12,300 of materials on account. Paid for the materials purchased in transaction (1) using cash. Issued $14,700 in direct materials to the production department. Incurred direct labor costs of $25,500, which were credited to Wages Payable. Paid $22,300 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant....
Exercise 7-22 (Algo) Assigning Costs to Jobs (LO 7-1, 2) The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm. 1. Purchased $22.500 of materials on account. 2. Issued $1,450 of supplies from the materials inventory. 3. Purchased $12,500 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $14,900 in direct materials to the production department. 6. Incurred direct labor costs of $26,500, which were credited to Wages Payable....
not sure what im dojng wrong here. The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm. 1. Purchased $21,000 of materials on account. 2 Issued $1,300 of supplies from the materials inventory. 3. Purchased $12,200 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $14,600 in direct materials to the production department. 6. Incurred direct labor costs of $25,000, which were credited to Wages Payable. 7. Paid $22.200...
Exercise 7-22 (Static) Assigning Costs to Jobs (LO 7-1, 2) The following transactions occurred in April at Steve’s Cabinets, a custom cabinet firm. Purchased $80,000 of materials on account. Issued $4,000 of supplies from the materials inventory. Purchased $56,000 of materials on account. Paid for the materials purchased in transaction (1) using cash. Issued $68,000 in direct materials to the production department. Incurred direct labor costs of $100,000, which were credited to Wages Payable. Paid $106,000 cash for utilities, power,...
Forest Components makes aircraft parts. The following transactions occurred in July: Purchased $16,980 of materials on account. Issued $16,700 in direct materials to the production department. Issued $1,280 of supplies from the materials inventory. Paid for the materials purchased in transaction (1) using cash. Returned $2,000 of the materials issued to production in (2) to the materials inventory. Direct labor employees earned $32,900, which was paid in cash. Paid $17,330 for miscellaneous items for the manufacturing plant. Accounts Payable...