All journal entries please!
The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm 1. Purchased $17,000 of materials on account. 2. Issued $900 of supplies from the materials inventory. 3. Purchased $11,400 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $13,800 in direct materials to the production department. 6. Incurred direct labor costs of $21,000, which were credited to Wages Payable. 7. Paid $21,400 cash for utilities, power, equipment maintenance, and other miscetaneous items for the manufacturing pl 8. Applied overhead on the basis of 125 percent of $21,000 direct labor costs 9. Recognized depreciation on manufacturing property, plant, and equipment of $10,200 The following balances appeared in the accounts of Steve's Cabinets for Aprl Beginning Ending $29,940 6,800 Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold 33,400 $28,740 52,980 Required: a. Prepare journal entries to record the transactions. (If no entry is required for a transaction/event, select "No journal er View transaction st Journal entry worksheet Purchased $17,000 of materials. Note: Enter debits before credts Debit | C O Type here to search Esc F8 View transaction list Journal entry worksheet 4 8 Issued $900 of supplies from the materials inventory. Note: Enter debits before credits. Transactions General Journal Debit Credit Record entry Clear entry View general journal b. Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost Materials Inventory Beg bal Beg bal O Type here to search lournal entry worksheet Purchased $11,400 of materials. Note: Enter debits before credits. Transactions General Journal Debit Credit Record entry Clear entry View general journal b. Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Materials Inventory Beg bal Beg bal Finish O Type here to search Materials Inventory Work-In-Process Inventory Beg bal. Beg bal Finished Goods End bal End bal ring Overhead Control Applied Manufacturing Overhead Beg bal. End. bal End bal Accounts Payable Cash Beg bal Beg bal End bal End bal d Deprec rty, Plant, and Wages Payable Bog ba Beg bal. End bal End bal Cost of Goods Sold Goods Inventory O Type here to search F8 F4 F5 F6 F2 bal End. ball nd ba Accumulated Depreciation-Property, Plant, and Wages Payable Beg bal Beg bal End. bal End bal Finished Goods Inventory Cost of Goods Sold Beg bal Finished Goods Beg bal Goods completed End bal Transfer lo Cost of Goods Sold End bal References General Journal Exercise 7-21 Assigning Costs to Jobs (L.O 7-1,2) O Type here to search d+ F8
