During the month of July, Oriole Company incurred the following manufacturing costs: 1 . Purchased raw materials
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Question:
During the month of July, Oriole Company incurred the following manufacturing costs:
Purchased raw materials of $ on account.
Incurred factory labour costs of $
Factory utilities of $ are payable, and depreciation on the factory building is $
Prepare journal entries for each type of manufacturing cost. List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.
Account Titles and Explanation
Debit
Credit
enter an account title to record purchases of raw materials on account
enter a debit amount
enter a credit amount
enter an account title to record purchases of raw materials on account
enter a debit amount
enter a credit amount
To record purchases of raw materials on account
enter an account title to record factory labour costs
enter a debit amount
enter a credit amount
enter an account title to record factory labour costs
enter a debit amount
enter a credit amount
To record factory labour costs
enter an account title to record overhead costs
enter a debit amount
enter a credit amount
enter an account title to record overhead costs
enter a debit amount
enter a credit amount
enter an account title to record overhead costs
enter a debit amount
enter a credit amount
To record overhead costs
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