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record the following journal entries for Taylor Company
est TE 1 16,17,18 (Copy) is Question: 8...
Record the following journal entre for Smith Company Click the icon to view the transactions) (Record...
Record the following journal entre for Smith Company Click the icon to view the transactions) (Record debits first, the credits Exclude explanations from any jual ntries) 6. Purchased raw materials on account $10,000 1 More Info Debit Credit 6. Purchased materials on account$10.000 7. Used $6.000 in direct materials and $500 in indirect materials in production Incurred $8.000 in labor cost of which 80% was direct labor Pine Done 7. Used $6.000 in direct materials and $500 in indirect materials...
Journalize the following transactions for Lake's Seats. 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.) 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...
3T117-2 (similar to) Record the following Journal entries for Baker Company: Click the icon to view...
3T117-2 (similar to) Record the following Journal entries for Baker Company: Click the icon to view the transactions.) (Record debits frul, then credits. Exclude explanations from any journal entries.) 6. Purchased raw materials on account, $14.000 Accounts Debit Credit Raw Materials Inventory Accounts Payable 14,000 14.000 7. Used $6.000 in direct materials and $800 in indirect materials in production Accounts 7. Credit Work in Process Inventory Manufacturing Overhead Raw Materials inventory Debit 6.000 800 6,800 hour $13.000 in labor costs,...
Polo T117-2 (similar to) Record the following joumal entries for Young Company: (Click the icon to...
Polo T117-2 (similar to) Record the following joumal entries for Young Company: (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any joumal entries.) 6. Purchased raw materials on account, $11,000. Date Accounts Debit Credit Raw Materials Inventory Accounts Payable 11,000 11,000 7. Used $6.000 in direct materials and $300 in indirect materials in production Accoun Credit Debit 6,000 Work-in-Process Inventory Manufacturing Overhead Raw Materials Inventory 300 6,300 3. Incurred $11,000 in labor costs,...
1 Data Table Estimated manufacturing overhead cost for the year Estimated direct labor cost for the...
1 Data Table Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year Actual manufacturing overhead cost for the year $ 150,000 93,750 118,000 Actual direct labor cost for the year 68,000 Print Done 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 verallocated manufacturing overhead. Accounts Payable Accounts Receivable Cash Requirement 3. Cost of Goods...
materials. (Record deb i Data Table $ Raw Materials Inventory, beginning balance Purchases of canvas, on...
materials. (Record deb i Data Table $ Raw Materials Inventory, beginning balance Purchases of canvas, on account Purchases of sewing machine lubricating oil, on account Material requisitions: Canvas Sewing machine lubricating oil 34,000 68,000 1,100 64,000 500 Print Done account and determine the ending balance in Raw Materials Inventory. ut fields and then continue to the next question. This Question: 1 pt 14 of 15 (0 complete) Pack 'n Go manufactures backpacks. Its plant records include the following materials-related data...
Requirement 1. Record the disposition of the equipment assuming the following independent situations:...
Requirement 1. Record the disposition of the equipment assuming the following independent situations: a. Dominico discarded the equipment, receiving $0. b. Dominico sold the equipment for $9,000 cash. C. Dominico traded the equipment in on a new piece of equipment costing $50,000. Dominico was granted a(n) $10,500 trade-in allowance for the old equipment and paid the difference in cash. Dominico traded the equipment in on a new piece of equipment costing $34,000. Dominico was granted a $2,500 trade-in allowance for...
Prepare journal entries to record the following production activities for Hotwax. 16 1. Requisitioned $9,000 of...
Prepare journal entries to record the following production activities for Hotwax. 16 1. Requisitioned $9,000 of indirect materials for use in production of surfboard wax. 2. Incurred $156.000 overhead costs (credit Other Accounts). 3. Applied overhead at the rate of 140% of direct labor costs. Direct labor costs were $125,000. 0.25 points View transaction list References Journal entry worksheet 2 3 Requisitioned $9,000 of indirect materials for use in production of surfboard Note: Enter debits before credits Transaction General Journal...
Jouma te the following transactions for Home Hardware, Inc. that occurred during the month of November...
Jouma te the following transactions for Home Hardware, Inc. that occurred during the month of November assuming the helmethod is used. Home Hardware's cost of investory is 50 percent of the sales prio Record b est the credits Exclude explanations for any malars) Co the icon to the transactions Now Sold 2.500 of merchandise on account om 15.45. FOB shipping point Home Hardware Inc, prepaid 575 of shipping costs and added the amount to the customer's Invoice Begin by recording...
Prepare the journal entries for the following petty cash transactions of Eagleton Gaming Supplies: Jan. 1...
Prepare the journal entries for the following petty cash transactions of Eagleton Gaming Supplies: Jan. 1 Established a petty cash fund with a $250 balance. 31 The petty cash fund has $24 in cash and $238 in petty cash tickets that were issued to pay for Office Supplies ($68) and Entertainment Expense ($170). Replenished the fund and recorded the expenses. Feb. 15 Increased the balance of the petty cash fund to $300. Prepare journal entries. (Record debits first, then, credits....
Record the following journal entre for Smith Company Click the icon to view the transactions) (Record debits first, the credits Exclude explanations from any jual ntries) 6. Purchased raw materials on account $10,000 1 More Info Debit Credit 6. Purchased materials on account$10.000 7. Used $6.000 in direct materials and $500 in indirect materials in production Incurred $8.000 in labor cost of which 80% was direct labor Pine Done 7. Used $6.000 in direct materials and $500 in indirect materials...
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...
3T117-2 (similar to) Record the following Journal entries for Baker Company: Click the icon to view the transactions.) (Record debits frul, then credits. Exclude explanations from any journal entries.) 6. Purchased raw materials on account, $14.000 Accounts Debit Credit Raw Materials Inventory Accounts Payable 14,000 14.000 7. Used $6.000 in direct materials and $800 in indirect materials in production Accounts 7. Credit Work in Process Inventory Manufacturing Overhead Raw Materials inventory Debit 6.000 800 6,800 hour $13.000 in labor costs,...
Polo T117-2 (similar to) Record the following joumal entries for Young Company: (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any joumal entries.) 6. Purchased raw materials on account, $11,000. Date Accounts Debit Credit Raw Materials Inventory Accounts Payable 11,000 11,000 7. Used $6.000 in direct materials and $300 in indirect materials in production Accoun Credit Debit 6,000 Work-in-Process Inventory Manufacturing Overhead Raw Materials Inventory 300 6,300 3. Incurred $11,000 in labor costs,...
1 Data Table Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year Actual manufacturing overhead cost for the year $ 150,000 93,750 118,000 Actual direct labor cost for the year 68,000 Print Done 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 verallocated manufacturing overhead. Accounts Payable Accounts Receivable Cash Requirement 3. Cost of Goods...
materials. (Record deb i Data Table $ Raw Materials Inventory, beginning balance Purchases of canvas, on account Purchases of sewing machine lubricating oil, on account Material requisitions: Canvas Sewing machine lubricating oil 34,000 68,000 1,100 64,000 500 Print Done account and determine the ending balance in Raw Materials Inventory. ut fields and then continue to the next question. This Question: 1 pt 14 of 15 (0 complete) Pack 'n Go manufactures backpacks. Its plant records include the following materials-related data...
Requirement 1. Record the disposition of the equipment assuming the following independent situations: a. Dominico discarded the equipment, receiving $0. b. Dominico sold the equipment for $9,000 cash. C. Dominico traded the equipment in on a new piece of equipment costing $50,000. Dominico was granted a(n) $10,500 trade-in allowance for the old equipment and paid the difference in cash. Dominico traded the equipment in on a new piece of equipment costing $34,000. Dominico was granted a $2,500 trade-in allowance for...
Prepare journal entries to record the following production activities for Hotwax. 16 1. Requisitioned $9,000 of indirect materials for use in production of surfboard wax. 2. Incurred $156.000 overhead costs (credit Other Accounts). 3. Applied overhead at the rate of 140% of direct labor costs. Direct labor costs were $125,000. 0.25 points View transaction list References Journal entry worksheet 2 3 Requisitioned $9,000 of indirect materials for use in production of surfboard Note: Enter debits before credits Transaction General Journal...
Jouma te the following transactions for Home Hardware, Inc. that occurred during the month of November assuming the helmethod is used. Home Hardware's cost of investory is 50 percent of the sales prio Record b est the credits Exclude explanations for any malars) Co the icon to the transactions Now Sold 2.500 of merchandise on account om 15.45. FOB shipping point Home Hardware Inc, prepaid 575 of shipping costs and added the amount to the customer's Invoice Begin by recording...
Prepare the journal entries for the following petty cash transactions of Eagleton Gaming Supplies: Jan. 1 Established a petty cash fund with a $250 balance. 31 The petty cash fund has $24 in cash and $238 in petty cash tickets that were issued to pay for Office Supplies ($68) and Entertainment Expense ($170). Replenished the fund and recorded the expenses. Feb. 15 Increased the balance of the petty cash fund to $300. Prepare journal entries. (Record debits first, then, credits....
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