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Answer Please Data table Requirements 1. Journalize the transactions for the company. 2. T-accounts for the general ledger, the Raw Materials Inventory subsidiary ledger, the
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Data table Requirements 1. Journalize the transactions for the company. 2. T-accounts for the general ledger, the Raw Materials Inventory subsidiary ledger, the Work-in-Process Inventory subsidiary ledger, and the Finished Goods Inventory subsidiary ledger have been opened for you along with each account's balance as given. Post the journal entries to the T-accounts using the transaction letters as a reference. 3. Prepare a trial balance at June 30,2024. 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost of goods manufactured for the month of June. 5. Prepare an income statement for the month of June. Requirement 1. Joumaize the transactions for the company. IRasound detats frst itwen credits. Exolude explanations from ary poumal eniries i) a. Colectens on account, $144,000 b. Seling and administathe expenses incuned and paid, $15,000 c. Payments on acoount. $45,000 d. Materials purchased on credt: Paper, $26,600; indrect matenals, $4,800 (Peepare a singet joumal entry lot thin everth) e. Maseriahs requiaitioned and used in production: Job 120: Papee, soon, Job 121: Paper, 37,050, indirect masehals. $1,400 (Prepare a single pourat entry for this event) f. Wages incuered during June, \$38,000. Labor time records for the month dob 120, \$4,890; Job 121, \$17,500; indirect labot, \$15,700 (Prepare a single joumal enty tor this event) 9. Wages paid in June include the balance in Re Wages Payable account at May 31 plus $35,200 of wagts incumed in June. Begin by recording the revenue from the sales on account. Do not record the expense related to the sale in this journal entry. We will do that in the next step. Reeuirement 2. T-accounts for the general iedger, the Raw Materials Imentory subsidiacy ledget. the Work-in.Frocess lmentory subsidiary ledget, and the Firished Goods inventory subsidary ledger have been opened for you along with each account's balance as given. Poet the joumal entries to the T-acoounts using the transaction letiers as a reference. Post the transactions is the Work-to Process Invertory subsidary ledger actiunts. Key tach transacton by Poat the transactions to the Finathed Goods leventary subsidiary ledger accounts. Key each transaction by traneaction inter, and caloulate the onding balance "Exl" of each acocurt. Requirement 3. Prepare a brial balanoe at June 30, 20e4. (Leine hoth the Debk and Ceedt colvenm cell biank for, acments waith a zemp talancin at lune.30. Review the general ledecer acteuth you prepared in Regiintment 2 . Requirement 4. Use the Work-in Process inventory Tacoourt to prepare a schedule of cost of goods manutactuned tor the month of duse Revicw the Work-tn-Process imentory general ledper acoscuat you prepared in Hegilrement 2 Step by Step Solution
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