The following events occurred during March for Ajax Company. Prepare a journal entry for each transaction. A.
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The following events occurred during March for Ajax Company. Prepare a journal entry for each transaction.
A. Materials were purchased on account for $5,429.
B. Materials were requisitioned to begin work on Job C15 in the amount of $2,500.
C. Direct labor expense for Job C15 was $4,250.
D. Actual overhead was incurred on account for $5,385.
E. Factory overhead was charged to Job C15 at the rate of 200% direct labor.
F. Job C15 was transferred to finished goods at $15,250.
G. Job C15 was sold on account for $28,000.
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Related Book For
Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
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