Question: Exercise 15-9 (Algo) Recording materials, labor, and overhead LO P1, P2, P3 Starr Company shows the following information for the month, Raw materials purchased on




Exercise 15-9 (Algo) Recording materials, labor, and overhead LO P1, P2, P3 Starr Company shows the following information for the month, Raw materials purchased on credit Direct materials used Direct labor used Overhead rate $ 89,000 $ 53,800 $ 19,700 140% of direct labor cost Prepare journal entries to record the following 1. Raw materials purchased. 2. Direct materials used. 3. Direct labor used. 4. Applied overhead. Journal entry worksheet Record raw materials purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Journal entry worksheet B D Record direct materials used. Note: Enter debits before credits General Journal Debit Credit Transaction 2 View general journal Record entry Clear entry Journal entry worksheet Record direct labor used. Note: Enter debits before credits: Debit Credit General Journal Transaction 3 View general journal Record entry Clear entsy Journal entry worksheet
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