Question

A movie production studio incurred the following costs related to its current movie: A. Purchased office supplies on account:

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Answer #1

Journal entry

No general Journal Debit Credit
a Office supplies 32000
Account payable 32000
b Work in process 22517
Office supplies 22517
c manufacturing overhead 7555
Office supplies 7555
d Work in process 32503220
Wages payable 32503220
e Manufacturing overhead 574327
Wages payable 574327
f Utilities expense 975327
Account payable 975327
g Work in process 3250322
Manufacturing overhead 3250322
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