Assuming a routine manufacturing activity, present journal entries (account titles only) for each of the following transactions:

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Assuming a routine manufacturing activity, present journal entries (account titles only) for each of the following transactions:

a. Purchased material on account.

b. Recorded wages payable earned but not paid.

c. Requisitioned both direct material and indirect material.

d. Assigned direct and indirect labor costs.

e. Recorded factory depreciation and accrued factory property tax.

f. Applied manufacturing overhead to production.

g. Completed work on products.

h. Sold finished goods on account.

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Managerial Accounting For Undergraduates

ISBN: 9781618531124

1st Edition

Authors: Christensen, Theodore E. Hobson, L. Scott Wallace, James S.

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