6.

value: 5.78 points

Exercise 2-4 Prepare Journal Entries [LO4]

Kirkaid Company recorded the following transactions for the just completed month.

a.	$88,000 in raw materials were purchased on account.
b.	$86,000 in raw materials were requisitioned for use in production. Of this amount, $76,000 was for direct materials and the remainder was for indirect materials.
c.	Total labor wages of $106,000 were incurred. Of this amount, $102,200 was for direct labor and the remainder was for indirect labor.
d.	Additional manufacturing overhead costs of $198,000 were incurred.

Required:

Record the above transactions in journal entries.

	General Journal	Debit	Credit
a.	(Click to select)Accounts payableAccounts receivableWages payableWork in processVarious accountsRaw materialsNote receivableManufacturing overhead
	(Click to select)Accounts payableNote receivableWages payableManufacturing overheadRaw materialsVarious accountsWork in processAccounts receivable
b.	(Click to select)Accounts payableVarious accountsAccounts receivableManufacturing overheadWages payableNote receivableWork in processRaw materials
	(Click to select)Manufacturing overheadWork in processRaw materialsAccounts payableNote receivableAccounts receivableVarious accountsWages payable
	(Click to select)Raw materialsWork in processAccounts receivableVarious accountsManufacturing overheadAccounts payableWages payableNote receivable
c.	(Click to select)Work in processVarious accountsManufacturing overheadAccounts receivableAccounts payableWages payableNote receivableRaw materials
	(Click to select)Wages payableNote receivableAccounts payableAccounts receivableWork in processVarious accountsManufacturing overheadRaw materials
	(Click to select)Note receivableVarious accountsManufacturing overheadRaw materialsWork in processAccounts receivableAccounts payableWages payable
d.	(Click to select)Accounts receivableRaw materialsWork in processManufacturing overheadWages payableNote receivableVarious accountsAccounts payable
	(Click to select)Note payableAccounts receivableVarious accountsWork in processRaw materialsNote receivableWages payableManufacturing overhead

578 points Exercise 2-4 Prepare Journal Entries [LO4] Kirkaid Company recorded the following transactions for the just completed month a $88,000 in raw materials were purchased on account. b.S86,000 in raw materials were requisitioned for use in production. Of this amount, S76,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of S106,000 were incurred. Of this amount, $102,200 was for direct labor and the remainder was for indirect labor d.Additional manufacturing overhead costs of S198,000 were incurred. Required Record the above transactions in journal entries Debit General Journal Credit a. Click to select Click to select b. Click to select Click to select Click to select c. Click to select Click to select Click to select d. Click to select Click to select