Following are the adjusting and closing entries that appear on the books of Hoffman Belt Company at
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Prepare a statement of cost of goods manufactured for theyear.
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Post Ref. Debit Date 20 31 Dec Credit Adjusting Entries Manufacturing Summary 121 64 7 00 Raw Materiais Inventory 121 6 4 7 00 31 Raw Materials inventory 119 6 8 0 00 Manufacturing Summary 119 6 8 0 00 31 Manufacturing Summary 154 1 0 2 00 Work-in-Process Inventory 154 1 0 2 00 31 Work-in-Process Inventory 158 5 2 4 00 Manufacturing Summay 158 5 2 4 00 Cibsing Entries 31 Purchases Discounts 2 6 3 1 00 Manufacturing Summary 2 6 3 1 00 31 Manufacturing Summary 874 35 7 00 Raw Materials Purchases Direct Labor Indirect Labor Supervision Depreciation ot Machinery Depreciaton of Factory Building Heat, Light and Power Repairs and Maintenance Property Tax, Machinery Property Tax., Factory Building Factory Supplies Used Factory insurance Expired Miscollaneous Factory Costs 280 4 5 6 00 373 4 0 600 42 3 2 8 00 64 5 0 4 00 46 20 0 00 26 4 0 0 00 14 1 0 2 00 10 6 4 8 00 1 3 9 7 00 2 02 4 00 10 4 1 7 00 1 3 2 0 00 115 5 00 31 Income Summary 869 2 71 00 Manufacturing Summary 809 2 7 1 00
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College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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