Question: Question 30 (3 points) Listen Items 29, 30, 31 and 32 are related to a Job Order Costing system of the Golden Rams Company for
Question 30 (3 points) Listen Items 29, 30, 31 and 32 are related to a "Job Order Costing" system of the Golden Rams Company for the month of October 2020. What is the journal entry to record the following transaction? Time tickets total $40,000 that was allocated as following: Job #101--$17,000; Job #102- -$18,000, and $5,000 of indirect labor. Debit--WIP, 35,000 and Overhead, 5,000; Credit--Wages Payable, 40,000 Debit--WIP, 40,000; Credit--Wages Payable, 35,000 and Overhead, 5,000 Debit--WIP, 40,000; Credit--Wages Payable, 40,000 Debit--Wages Expense, 40,000; Credit--Wages Payable, 40,000
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