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4. Post entries from parts 1 and 3 to the following general ledger accounts. 5. Compute the amount of gross profit from the sales
4. Post entries from parts 1 and 3 to the following general ledger accounts. 5. Compute the amount of gross profit from the sales in July. (Hint. Add any underapplied overhead to, or deduct any overapplied overhead from, the cost of goods sold.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Post entries from parts 1 and 3 to the following general ledger accounts. Transactions June 30 Raw Materials Inventory Debit Acct. No. 132 Credit Balance Transactions Work in Process Inventory Debit Credit Acct. No. 133 Balance 23,000 June 30 10,705 Finished Goods Inventory Acct. No. 135 Transactions Debit Credit Balance Transactions Factory Wages Payable Debit Acct. No. 212 Credit Balance June 30 150,000 Transactions Sales Debit Acct. No. 413 Cost of Goods Sold Acct. No. 502 Credit Balance Transactions Debit Credit Balance Transactions Factory Overhead Debit Acct. No. 540 Credit Balance
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