#9

Prepare journal entries to record the following production activities for Hotwax. a. Incurred $135,000 of direct labor in its Mixing department and $50,000 of direct labor in its Shaping department. Hint Credit Factory Wages Payable. b. Incurred indirect labor of $16,500. Hint Credit Factory Wages Payable. 1 2 Record direct labor used, but not yet paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record indirect labor used, but not yet paid. Note: Enter debits before credits Transaction General Journal Debit Credit b Accounts payable Accounts receivable Cash Common stock Cost of goods sold Factory overhead Factory wages payable Finished goods inventory General and administrative expenses Paid-in capital in excess of par value, Common stock Raw materials inventory Retained earnings Sales Selling expenses Sales Selling expenses Work in process inventory-Mixing Work in process inventory-Shaping