Question: Could you please help me in correcting the general journal below? Parts of it is correct and incorrect. Could you please write down the corrections?

Could you please help me in correcting the general journal below? Parts of it is correct and incorrect. Could you please write down the corrections? Thank you!

Could you please help me in correcting the general journal below? Partsof it is correct and incorrect. Could you please write down the

Flow of Product Costs through Accounts Assuming a routine manufacturing activity, present journal entries (account titles only) for each of the following transactions: a. Purchased material on account. Description Debit Credit Materials inventory Accounts payable b. Recorded wages payable (for indirect labor) earned but not paid. Description Debit Credit Work in process inventory Wages payable c. Requisitioned both direct material and indirect material. Description Debit Credit Work in process inventory Manufacturing overhead Materials inventory d. Assigned direct and indirect labor costs. Description Debit Credit Work in process inventory Manufacturing overhead Wages payable e. Recorded factory depreciation and accrued factory property tax. Description Debit Credit Manufacturing overhead Accumulated depreciation-factory Property taxes payable f. Applied manufacturing overhead to production. Description Debit Credit Work in process inventory Manufacturing overhead g. Completed work on products. Description Finished goods inventory Work in process inventory Debit Credit Debit Credit h. Sold finished goods on account. Description Accounts receivable Sales To transfer cost to expense. Cost of goods sold Finished goods inventory To record sale of goods. Debit Credit i. Paid wages Description Cash Wages payable To pay wages earned Check You have correctly selected 13. Partially correct Marks for this submission: 0.46/0.71

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