A movie production studio incurred the following costs related to its current movie: A. Purchased office supplies
Question:
A movie production studio incurred the following costs related to its current movie:
A. Purchased office supplies on account: $33,000
B. Issued direct supplies: $22,512
C. Issued indirect supplies: $7,535
D. Time tickets showing direct labor: $32,503,230
E. Time tickets showing indirect labor: $574,326
F. Utilities expense on account: $957,323
G. Overhead applied: 10% of direct labor cost
Create journal entries for the listed transactions.
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Here are the journal entries for the listed transactions Date Account Title and Explanation Debit Credit Transaction A Office Supplies Inventory 33000 ...View the full answer
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Related Book For 
Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
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