During January, its first month of operations, Pharoah Company accumulated the following manufacturing costs: raw materials purchased
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Question:
During January, its first month of operations, Pharoah Company accumulated the following manufacturing costs: raw materials purchased $ on account, factory labor incurred $ and factory utilities payable $
Prepare separate journal entries for each type of manufacturing cost. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.
Date
Account Titles and Explanation
Debit
Credit
Jan.
enter an account title to record purchase of raw materials on account on January
enter a debit amount
enter a credit amount
enter an account title to record purchase of raw materials on account on January
enter a debit amount
enter a credit amount
To record purchase of raw materials on account
enter an account title to record factory labor costs on January
enter a debit amount
enter a credit amount
enter an account title to record factory labor costs on January
enter a debit amount
enter a credit amount
To record factory labor costs
enter an account title to record entry for utilities payable on January
enter a debit amount
enter a credit amount
enter an account title to record entry for utilities payable on January
enter a debit amount
enter a credit amount
To record entry for utilities payable
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