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please take a look Prepare summary journal entries to record the following transactions for a company...

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Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw m
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw m
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw m
Prepare summary journal entries to record the following transactions for a company in its first month of operations a. Raw ma
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $98,000. b. Direct materials used in production, $41,500. Indirect materials used in production, $18,800. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs. $8.125. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $63,000. g. Sold jobs on account for $90,000. The jobs had a cost of $63,000. View transaction list Journal entry worksheet < 1 2 J 4 4 5 6 7 8 9 Record the entry to assign costs of direct materials used. Note: Enter debits before credits General Journal Debit Credit Transaction (1).
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $98,000. b. Direct materials used in production, $41,500. Indirect materials used in production, $18,800. c. Paid cash for factory payroll, $45.000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $8,125, e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $63.000. g. Sold jobs on account for $90,000. The jobs had a cost of $63,000. View transaction list Journal entry worksheet Record the entry for indirect materials, Note: Enter debits beto Transacti Debit Credit
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $98,000. b. Direct materials used in production, $41,500. Indirect materials used in production, $18,800. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor d. Paid cash for other actual overhead costs, $8,125.. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $63,000. g. Sold jobs on account for $90,000. The jobs had a cost of $63,000. View transaction list Journal entry worksheet 12 4 5 6 9 > Record the cost of the jobs sold. Note: Enter debits before credits General Journal Debit Credit Transaction g(1)
Prepare summary journal entries to record the following transactions for a company in its first month of operations a. Raw materials purchased on account. $98.000 b. Direct materials used in production, $41,500. Indirect materials used in production, $18,800. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor d. Paid cash for other actual overhead costs. $8,125.. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $63,000. g. Sold jobs on account for $90,000. The jobs had a cost of $63,000. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record sales on account. Note: Enter debits before credits General Journal Debit Credit Transaction 9(2),
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Account Title Debit Credit

a

Raw materials inventory $     98,000
        Accounts payable $     98,000
b1 Work in process inventory $     41,500
      Raw materials inventory $     41,500
b2 Factory overhead $     18,800
       Raw materials inventory $     18,800
c Work in process inventory $     33,000
Factory overhead $     12,000
       Cash $     45,000
d Factory overhead $       8,125
       Cash $       8,125
e Work in process inventory $     41,250 33000*125%
      Factory overhead $     41,250
f Finished goods inventory $     63,000
       Work in process inventory $     63,000
g1 Cost of goods sold $     63,000
       Finished goods inventory $     63,000
g2 Accounts receivable $     90,000
        Sales $     90,000
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