You are preparing journal entries to record the following transactions and events for April using a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You are preparing journal entries to record the following transactions and events for April using a job order cost accounting system: c) Time tickets for the $46,000 payroll show: $36,500 for direct labor and $9,500 for indirect labor. The payroll was paid in cash. Which account do you debit for $36,500? The account do you debit for $9,500? [Select] [Select] Question 21 You are preparing journal entries to record the following transactions and events for April using a job order cost accounting system: c) Time tickets for the $46,000 payroll show: $36,500 for direct labor and $9,500 for indirect labor. The payroll was paid in cash. Which account do you debit for $36,500? The account do you debit for $9,500? Question 22 [S [ Select] [ Select] Raw Materials Inventory Work-in-Progress Inventory Finished Goods Inventory Factory Overhead 2 pts Cost of Goods Sold 2 pts You are preparing journal entries to record the following transactions and events for April using a job order cost accounting system: c) Time tickets for the $46,000 payroll show: $36,500 for direct labor and $9,500 for indirect labor. The payroll was paid in cash. Which account do you debit for $36,500? The account do you debit for $9,500? [Select] [Select] Question 21 You are preparing journal entries to record the following transactions and events for April using a job order cost accounting system: c) Time tickets for the $46,000 payroll show: $36,500 for direct labor and $9,500 for indirect labor. The payroll was paid in cash. Which account do you debit for $36,500? The account do you debit for $9,500? Question 22 [S [ Select] [ Select] Raw Materials Inventory Work-in-Progress Inventory Finished Goods Inventory Factory Overhead 2 pts Cost of Goods Sold 2 pts
Expert Answer:
Answer rating: 100% (QA)
For the transaction of recording the time tickets for payroll the accounts to be debited depend on t... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
Posted Date:
Students also viewed these accounting questions
-
Using Exhibit 19.12 as a guide, prepare summary journal entries to record the following transactions and events a through h for a company in its first month of operations. a. Raw materials purchased...
-
Write an article review on Records and Information Management Programs. the name of an article is "3 Keys to Managing Change for a Successful RIM Program Implementation"?
-
For Problem 511, complete the design of a pair of helical gears to operate under the stated conditions. Specify the geometry of the gears and the material and its heat treatment. Assume that the...
-
Assume that the battery in Figure Q31.13a is replaced by an AC source and the switch is held closed. If held down, the metal ring on top of the solenoid becomes hot. Why?
-
A cart with mass 340 g moving on a frictionless linear air track at an initial speed of l- .2m/s undergoes an elastic collision with an initially stationary cart of unknown mass. After the collision,...
-
Which class of stockholders takes the greater investment risk? a. Common b. Preferred c. Neither; bondholders take the most risk d. Both preferred and common take equal risk
-
Suppose there are three processes A,B and C. All clock runs at the same rate but initially As clock reads 10, Bs clock reads 0 and Cs clock reads 5. At time 10 by As clock, A sends a message to B,...
-
Madison Company reported the following information: Notes payable Common stock Retained earnings 12/31/2019 12/31/2018 $95,000 $75,000 120,000 20,000 80,000 36,000 Madison reported net income of...
-
Bamboo Consulting is a consulting firm owned and operated by Lisa Gooch. The following end-of-period spreadsheet was prepared for the year ended July 31, 2016: Based on the preceding spreadsheet,...
-
Use the following Worksheet to create the following financial statements for V's Violins: a) Income Statement V's Violins Worksheet As of Feb 28, 2022 Cash Accounts Receivable Prepaid Insurance...
-
The domain and codomain of the following three functions (i.e., fi(), f2() and f3()) are A and B respectively, where A = R x R and B = R. Determine whether each of the following functions is...
-
There are 11 assembly tasks for a product. The task times and predecessor relationships are given in the following table. Task Task Time (sec.) A | B C D E F GH I J K 40 25 31 25 30 34 35 5 15 40 35...
-
Create a program in C with the following sequence of commands: if (mkdir("/tmp/foo", DIR_PERM) < 0) err_sys("mkdir failed"); if (chdir("/tmp/foo") < 0) err_sys("chdir failed"); if (rmdir("/tmp/foo")...
-
Use the Gauss-Jordan method to compute the inverse of the matrix A below without introducing fractions in your row-reductions. Do not use the adjoint formula to compute the inverse. 5 4-28 A = 4 3...
-
Suppose that it is known that 5% of the items produced by a particular machine are defective in some way, and that we will choose a random sample of exactly 15 parts made by this machine. a. What...
-
Please calculate the amounts in the yellow boxes (Operating Income and Operating Income as a percentage of Sales). B - Did the company do better in the current year or the previous year? I (amount...
-
The vapor pressure of the liquid NH, is measured at different temperatures. The following vapor pressure data are obtained. Temperature, K P, mmHg 217.1 223.4 234.7 588.1 Calculate the enthalpy of...
-
Access the February 25, 2016, filing of the 2015 calendar-year 10-K report of McDonald's (ticker: MCD) from SEC.gov. Required 1. Review McDonald's balance sheet and identify how many classes of stock...
-
Refer to QS. Compute the total equivalent units of production with respect to conversion for March using the weighted-average inventory method. In QS Units of Product Percent of Conversion Added...
-
Describe the three major business activities in organizations.
-
What are the three different types of qualified audit opinion? Discuss the circumstances that may cause these qualifications.
-
What is the effect of a fundamental uncertainty on the auditors report?
-
Discuss the work that an auditor performing an initial engagement needs to perform on opening balances.
Study smarter with the SolutionInn App