Journalize the following transactions which are occurred in Dell company during 2019; 1- Purchase raw material...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
素 Journalize the following transactions which are occurred in Dell company during 2019; 1- Purchase raw material $ 176,0000 on cash and $ 225,000 on account. 2- the work in process department ask half of the raw material inventory for production. 3- Another material cost $ 100,000 were requisitioned for production, of that 34,000 direct material 4- The rest material is indirect, requested for the production. 5- There are other overhead costs paid cash, including; $ 3,300 rent expense, $ 2,350 utility, 4,400 depreciation, clips $ 900. 6- The company paid the wages for the labors after labor time records show that direct labor is $ 7,500 and 6,300 indirect labor. 7- The rest of the material if any, was moved to the work in process inventory. 素 Journalize the following transactions which are occurred in Dell company during 2019; 1- Purchase raw material $ 176,0000 on cash and $ 225,000 on account. 2- the work in process department ask half of the raw material inventory for production. 3- Another material cost $ 100,000 were requisitioned for production, of that 34,000 direct material 4- The rest material is indirect, requested for the production. 5- There are other overhead costs paid cash, including; $ 3,300 rent expense, $ 2,350 utility, 4,400 depreciation, clips $ 900. 6- The company paid the wages for the labors after labor time records show that direct labor is $ 7,500 and 6,300 indirect labor. 7- The rest of the material if any, was moved to the work in process inventory.
Expert Answer:
Answer rating: 100% (QA)
Journal enrties of Dell Company for the year 2019 Date Particulars Debit Credit Raw Material ac Dr 4... View the full answer
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Posted Date:
Students also viewed these accounting questions
-
Journalize the following transactions for Jones Company: 201X June 18 Jones Company discounted its own $34,000, 180-day note at Newbury Bank at 6%. Sept. 16 Paid the amount due on the note of June...
-
Journalize the following transactions for Orkin Manufacturing. (a) Purchased 6,000 units of raw materials on account for $11,100.The standard cost was $12,000. (b) Issued 5,500 units of raw materials...
-
Journalize the following transactions for Rogler Manufacturing. (a) Incurred direct labor costs of $24,000 for 3,000 hours. The standard labor cost was $25,200. (b) Assigned 3,000 direct labor hours...
-
Analyze the case study, "Frank Smith Plumbing." Analyze the "Frank Smith Plumbing's Financial Statement" spreadsheet. Compare the cost of the truck to the cash flow records Compile your calculations...
-
Three companies report the following horizontal analyses: Required For each company, describe what the percentages reveal about the company. Which of the companies would you be most concerned about?...
-
Identify each of the earnings items as primarily permanent or transitory in nature. Item Permanent or Transitory? Selling expenses______________________________ Sales salaries...
-
Suppose $X \sim N(0,1)$ and $W_{n} \sim \chi_{n}^{2}$ independently for any positive integer $n$. Let $V_{n}=X / \sqrt{W_{n}} / n$. a. We know $V_{n} \sim t_{n}$. Show that $V_{n}^{2}$ follows an...
-
Listed below are several transactions. For each transaction, indicate by letter whether the cash effect of each transaction is reported in a statement of cash flows as an operating (O), investing...
-
(a) Table 1 shows a truth table. Table 1 A 0 BO C X 0 0 1 0 0 1 1 0 1 0 1 0 1 1 1 1 0 0 1 1 0 1 0 1 1 0 1 1 1 1 0 (i) Produce a Boolean expression for X in terms of A, B and C based on the truth...
-
Jay Gatsby categorizes wines into one of three clusters. The centroids of these clusters, describing the average characteristics of a wine in each cluster, are listed in the following table. Jay has...
-
Use the information in the following table: A face value of $10,000 is assumed for these Treasury bills. What is the price for the March 30 Treasury bill? The price for the March 30 Treasury bill is...
-
A liquid mixture containing \(50 \mathrm{~mol} \%\)-heptane (A) and \(50 \mathrm{~mol} \%\)-octane (B), at \(303 \mathrm{~K}\), is to be continuously flash-vaporized at a temperature of \(350...
-
A liquid mixture containing \(50 \mathrm{~mol} \%\)-heptane (A) and \(50 \mathrm{~mol} \%\)-octane (B), at \(303 \mathrm{~K}\), is to be continuously flash-vaporized at a pressure of \(1...
-
A tower \(0.6 \mathrm{~m}\) in diameter, packed with \(50-\mathrm{mm}\) ceramic Raschig rings to a depth of \(1.2 \mathrm{~m}\), is to be used for producing a solution of oxygen in water for certain...
-
Air at \(300 \mathrm{~K}\) is used to dry a plastic sheet. The solvent wetting the plastic is acetone. At the end of the dryer, the air leaves containing \(2.0 \mathrm{~mol} \%\) acetone. The acetone...
-
A batch distillation column with four theoretical stages (first stage is the still pot) is charged with \(100 \mathrm{kmol}\) of a \(50 \mathrm{~mol} \%\) benzene in toluene mixture at atmospheric...
-
Demand-pull inflation is associated with: decreasing total spending (demand). increasing total spending (demand). decreasing costs of production (supply). increasing costs of production (supply)
-
The packaging division of a company having considered several alternative package designs for the company's new product has finally brought down their choices to two designs of which only one has to...
-
Mary Parker owns Parkers SCUBA Shop in Bathurst. (In your Study Guide with Working Papers, balances as of April 1 are provided for the accounts receivable and general ledger accounts.) In Marys...
-
Mel Blanc uses the accrual accounting approach. Mel paid his employees May 30. The deductions were income tax, $360; CPP, $169; EI, $71. 1. Assuming the company accountant enters transactions into...
-
Wendy Jones operates a whole sale computer centre in White horse. All trans-actions requiring the payment of cash are recorded in the cash payments journal (page 5). The account balances as of May 1,...
-
Using an economic balance sheet, which of the Laws current financial assets is most concerning from an asset allocation perspective? A. Equities B. Real estate C. Fixed income Raye uses a costbenefit...
-
Using the economic balance sheet approach, the Laws economic net worth is closest to: A. $925,000. B. $1,425,000. C. $1,675,000. Raye uses a costbenefit approach to rebalancing and recommends that...
-
Raye believes the previous advisers asset class specifications for equity and derivatives are inappropriate given that, for purposes of asset allocation, asset classes should be: A. diversifying. B....
Study smarter with the SolutionInn App