Show Attempt History Current Attempt in Progress During the current month, Wacholz Company incurs the following...

 

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Show Attempt History Current Attempt in Progress During the current month, Wacholz Company incurs the following manufacturing costs. (a) (b) (c) Your answer is partially correct. (b) Purchased raw materials of $17,600 on account. Incurred factory labor of $40,000. Of that amount, $30,100 relates to wages payable and $9,900 relates to payroll taxes payable. Prepare journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (c) Factory utilities of $3,400 are payable, prepaid factory property taxes of $2,510 have expired, and depreciation on the factory building is $9,100. No. Account Titles and Explanation (a) Raw Materials Inventory Accounts Payable (Purchases of raw materials on account) Factory Labor Factory Wages Payable Employer Payroll Taxes Payable (To record factory labor costs) Manufacturing Overhead Utilities Payable Prepaid Property Taxes Accumulated Depreciation-Buildings (To record overhead costs) eTextbook and Media List of Accounts Debit 17600 38800 15490 Credit 17600 31900 6900 3100 2990 9400 Show Attempt History Current Attempt in Progress During the current month, Wacholz Company incurs the following manufacturing costs. (a) (b) (c) Your answer is partially correct. (b) Purchased raw materials of $17,600 on account. Incurred factory labor of $40,000. Of that amount, $30,100 relates to wages payable and $9,900 relates to payroll taxes payable. Prepare journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (c) Factory utilities of $3,400 are payable, prepaid factory property taxes of $2,510 have expired, and depreciation on the factory building is $9,100. No. Account Titles and Explanation (a) Raw Materials Inventory Accounts Payable (Purchases of raw materials on account) Factory Labor Factory Wages Payable Employer Payroll Taxes Payable (To record factory labor costs) Manufacturing Overhead Utilities Payable Prepaid Property Taxes Accumulated Depreciation-Buildings (To record overhead costs) eTextbook and Media List of Accounts Debit 17600 38800 15490 Credit 17600 31900 6900 3100 2990 9400

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No b c Requirement asked Accounts title Factory labor Factory W... View the full answer