Step 1 5-Dec The following is a list of transactions that need to be recorded for...
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Step 1 5-Dec The following is a list of transactions that need to be recorded for the company for activity in the month of December. Record those in the "General Journal" tab of the excel file using the proper format. Please use the following accounts: Accounts payable 10- Dec Accounts receivables Accumulated depreciation Advertising expense Cost of goods sold Depreciation expense Finished goods Insurance expense Manufacturing overhead 1-Dec Raw materials purchased on account, $12,000. Raw materials Salaries and wages expense Salaries and wages payable Sales revenue Work in process All Raw materials needed for Job #1 were requested from the material storage for use during the month. All materials are direct. (After you journalize this entry please enter the information into Job #1 Cost Sheet) The following employee costs were incurred but not paid during the month: Direct labor for Job #1, consisted of 60 hours at a rate of $55 per hour, totaling $3,300. (After you journalize this entry please enter the information into Job #1 Cost Sheet) Step 1 5-Dec The following is a list of transactions that need to be recorded for the company for activity in the month of December. Record those in the "General Journal" tab of the excel file using the proper format. Please use the following accounts: Accounts payable 10- Dec Accounts receivables Accumulated depreciation Advertising expense Cost of goods sold Depreciation expense Finished goods Insurance expense Manufacturing overhead 1-Dec Raw materials purchased on account, $12,000. Raw materials Salaries and wages expense Salaries and wages payable Sales revenue Work in process All Raw materials needed for Job #1 were requested from the material storage for use during the month. All materials are direct. (After you journalize this entry please enter the information into Job #1 Cost Sheet) The following employee costs were incurred but not paid during the month: Direct labor for Job #1, consisted of 60 hours at a rate of $55 per hour, totaling $3,300. (After you journalize this entry please enter the information into Job #1 Cost Sheet)
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Posted Date:
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