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 $35,429.
B. Materials were requisitioned to begin work on Job C15 in the amount of $25,259.
C. Direct labor expense for Job C15 was $24,129.
D. Actual overhead was incurred on account of $32,852.
E. Factory overhead was charged to Job C15 at the rate of 200% of direct labor.
F. Job C15 was transferred to finished goods at $97,646.
G. Job C15 was sold on account for $401,000.
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The journal entries for each transaction in table format Date Account Debit Credit Mar 1 Materials I...View the full answer
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Related Book For 
Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
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