Homework Answers
| in $ | |||
| Date | Accounst Title | Dr | Cr |
| Apr-05 | Mercandise Inventory-Custom Sedan | 72000 | |
| Accounts payable (24000*3) | 72000 | ||
| (being custome sedan purchased on account) | |||
| Apr-13 | Mercandise Inventory-Recereational vans | 56000 | |
| Accounts payable (28000*2) | 56000 | ||
| (being recreational van purchased on account) | |||
| Apr-17 | Accounts receivable | 114000 | |
| Cash (28500*4) | 114000 | ||
| (being sales made on account) | |||
| Cost of good sold (4*24000) | 96000 | ||
| Mercandise Inventory-Custom Sedan | 96000 | ||
| (being cost of sales recorded) | |||
| Aprl 20 | Mercandise Inventory-Convertibles | 52000 | |
| Accounts payable (26000*2) | 52000 | ||
| Apr-22 | Accounts payable | 26000 | |
| Mercandise Inventory-Convertibles | 26000 | ||
| (return on convertible recorded) | |||
| Apr-24 | Accounts receivable | 782000 | |
| Cash (34000*3) | 782000 | ||
| (being sales made on account) | |||
| Cost of good sold (3*28000) | 84000 | ||
| Mercandise Inventory-Recereational vans | 84000 | ||
| (being cost of sales recorded) | |||
| Apr-28 | Accounts receivable | 31000 | |
| Cash | 31000 | ||
| (being sales made on account) | |||
| Cost of good sold | 26000 | ||
| Mercandise Inventory-Convertibles | 26000 | ||
| (being cost of sales recorded) | |||
| Nans 2 T accounts | |||
| Mercandise Inventory-Custom Sedan | |||
| beg bal | 96000 | Apr-17 | 96000 |
| Apr-05 | 72000 | ||
| end bal | 72000 | ||
| Mercandise Inventory-Convertibles | |||
| Beg bal | 78000 | aprl 22 | 26000 |
| aprl 20 | 52000 | Apr-28 | 26000 |
| end bal | 78000 | ||
| Mercandise Inventory-Recereational vans | |||
| Beg bal | 56000 | Apr-24 | 84000 |
| Apr-13 | 56000 | ||
| end bal | 28000 | ||
| Cost of good sold | |||
| Aprl 17 | 96000 | ||
| Apr-24 | 84000 | ||
| Apr-28 | 26000 | ||
| end bal | 206000 | ||
| If any doubt please comment |
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P5-14 On April 1, Varsity Auto Sales' new car inventory records show total inventory of $230.000...
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Lamonda Corp. uses a job order
cost system. On April 1, the accounts had balances as shown in the
T-accounts below: The following transactions occurred during April:
(a) Purchased materials on account at a cost of $136,000. (b)
Requisitioned materials at a cost of $122,000, of which $28,000 was
for general factory use. (c) Recorded factory labor of $155,000, of
which $24,000 was indirect. (d) Incurred other costs:
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Lamonda Corp. uses a job order
cost system. On April 1, the accounts had balances as shown in the
T-accounts below: The following transactions occurred during April:
(a) Purchased materials on account at a cost of $136,000. (b)
Requisitioned materials at a cost of $122,000, of which $28,000 was
for general factory use. (c) Recorded factory labor of $155,000, of
which $24,000 was indirect. (d) Incurred other costs:
Lamonda Corp. uses a job order cost system. On April 1, the...
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This is for shilow company. Can you show the sales budget sheet
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