Dixon Company had the following transactions in October. (Click the icon to view the transactions.) Prepare...

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Dixon Company had the following transactions in October. (Click the icon to view the transactions.) Prepare the journal entries for Dixon Company. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. Purchased raw materials on account, $90,000 Date Accounts Debit Credit I More info 1. Purchased raw materials on account, $90,000 2. Used materials in production: $28,000 in the Mixing Department: $11,000 in the Packaging Department; $800 in indirect materials 3. Incurred labor costs: $11,000 in the Mixing Department; $5,500 in the Packaging Department; $2.300 in indirect labor 4. Incurred manufacturing overhead costs: $7,000 in machinery depreciation; paid $2,200 for rent and $1.450 for utilities Dixon Company had the following transactions in October. (Click the icon to view the transactions.) Prepare the journal entries for Dixon Company. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. Purchased raw materials on account, $90,000 Date Accounts Debit Credit I More info 1. Purchased raw materials on account, $90,000 2. Used materials in production: $28,000 in the Mixing Department: $11,000 in the Packaging Department; $800 in indirect materials 3. Incurred labor costs: $11,000 in the Mixing Department; $5,500 in the Packaging Department; $2.300 in indirect labor 4. Incurred manufacturing overhead costs: $7,000 in machinery depreciation; paid $2,200 for rent and $1.450 for utilities

Answer rating: 100% (QA)

Prepare journal entry Account Date 9000 1 Raw material Cash 1 Raw mate... View the full answer