Question
12.XYZ Manufacturing reports the following on 8/31/20: DebitCredit Cash$ 20,000 Account Receivable1,000 Raw Material Inventory12,000 Work in Process Inventory7,000 Finished Goods Inventory4,000 Equipment85,000 Accumulated Depreciation
12.XYZ Manufacturing reports the following on 8/31/20:
DebitCredit
Cash$ 20,000
Account Receivable1,000
Raw Material Inventory12,000
Work in Process Inventory7,000
Finished Goods Inventory4,000
Equipment85,000
Accumulated Depreciation 8,000
Account Payable10,000
Common Stock90,000
Sales Revenue304,000
Cost of Goods Sold183,000
Operating Expenses95,000
Factory Overhead5,000
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Financial Accounting
Authors: Jamie Pratt, Michael F Peters
11th Edition
1119745322, 978-1119745327
