Bal. 23,150 Bal. 4,700 Post the transactions to the Work-in-Process Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and calculate the ending balance "Bal" of each account (For accounts with a zero balance, enter a "0" along with a "Bal." reference on the normal side of the T-account.) Job 120 Bal. 41,100 Job 121 Help me solve this Video Get more help More info a. Collections on account, $152,000. b. Selling and administrative expenses incurred and paid, $20,000. c. Payments on account, $43,000 d. Materials purchased on account: Paper, $27,700, indirect materials, $3,800. e. Materials requisitioned and used in production: Job 120: Paper, $ 800 Job 121: Paper, $ 8,050 Indirect materials, $ 1,000 f. Wages incurred during June, $43,000. Labor time records for the month: Job 120, $3,700; Job 121, $19,000; indirect labor, $20,300. g. Wages paid in June include the balance in the Wages Payable at May 31 plus $40,200 of wages incurred during June. h. Depreciation on plant and equipment, $2,900. i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 60% of direct labor costs. j. Jobs completed during the month: Job 120 with 900,000 Large Stars at a total cost of $47,820. k. Sales on account: all of Job 120 for $111,000. Check answer Help me solve this Video Get more help More info b. Selling and administrative expenses incurred and paid $20,000. c. Payments on account, $43,000. d. Materials purchased on account Paper, $27.700; indirect materials, $3,800. e. Materials requisitioned and used in production. Job 120: Paper, $ 800 Job 121: Paper, $ 8.050 Indirect materials, $ 1,000 f. Wages incurred during June, $43,000. Labor time records for the month: Job 120, $3,700, Job 121, $19,000, indirect labor, $20,300 g. Wages paid in June include the balance in the Wages Payable at May 31 plus $40,200 of wages incurred during June. h. Depreciation on plant and equipment, $2,900 i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 60% of direct labor costs. j. Jobs completed during the month: Job 120 with 900,000 Large Stars at a total cost of $47,820. k. Sales on account all of Job 120 for $111,000. 1. Adjusted for overallocated or underallocated manufacturing overhead. Print Done - Question 1, PM2-35A (similar to) Part 16 of 20 eward their students Sneeches Stars' trial balance on Requirements > June transactions are summariz rect Mate 900 800 700 T 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. subsidiary le account.) Job 12 ore help hp Print Done Homework: Ch2-HW Question 1, PM2-35A (similar to) Part 16 of 20 HW Sc > Poi June transactions are summarized as foll (Click the icon to view the transaction Sneeches Stars produces stars for elementary teachers to reward their students. Sneeches Stars' trial balance on June 1 follows. (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Read the requirements. Requirement 1. Journalize the transactions for the company. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Collections on account, $152,000 Date a. Cash Accounts Receivable Accounts b. Selling and administrative expenses incurred and paid, $20,000 Date Accounts Hala mo colve this Video Get more help Debit Credit 152,000 152,000 Debit Credit June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) b. Selling and administrative expenses incurred and paid, $20,000 Debit Date Accounts b. Selling and Administrative Expenses Cash c. Payments on account, $43,000 Date HINTA HU Accounts Credit 20,000 20,000 R Debit 40.000 Credit (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) c. Payments on account, $43,000 Stars trial balance on Date Accounts Debit Credit C. Accounts Payable Cash 43,000 43,000 alentry d. Materials purchased on credit: Paper, $27,700; indirect materials, $3,800 (Prepare a single journal Entry for this event.) Date Accounts d. Raw Materials Inventory Help me solve this Video Get more help - Debit Credit 31,500 Ubsidiary ledgers were as follows: (Click the icon to view the balances.) Cash 43,000 d. Materials purchased on credit: Paper, $27,700; indirect materials, $3,800 (Prepare a single journal entry for this event.) Date Accounts d. Raw Materials Inventory Accounts Payable Help me solve this Video Get more help - Debit Credit 31,500 31,500 I (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: i (Click the icon to view the balances.) Date Accounts Debit Credit Work-in-Process Inventory 8.850 Manufacturing Overhead 1,000 Raw Materials Inventory 9,850 f. Wages incurred during June, $43,000. Labor time records for the month: Job 120, $3,700; Job 121, $19,000; indirect labor, Date Accounts Work-in-Process Inventory Manufacturing Overhead Help me solve this Video Get more help - Debit Credit 22,700 20,300 i (Click the icon to view the balances.) Date Accounts Debit Credit Work-in-Process Inventory 22,700 Manufacturing Overhead 20,300 Wages Payable 43,000 g. Wages paid in June include the balance in the Wages Payable account at May 31 plus $40,200 of wages incurred in June. Date g. Wages Payable Cash Accounts Help me solve this Video Get more help - Debit Credit 41900 41,900 h. Depreciation on plant and equipment, $2,900 Date Accounts Debit Credit h. Manufacturing Overhead 2,900 Accumulated Depreciation 2,900 i. Manufacturing overhead was allocated at the predetermined overhead allocation rate of 60% of direct labor costs. Date Accounts Work-in-Process Inventory Help me solve this Video Get more help - O Debit Credit 13 620 i. Manufacturing overhead was allocated at the predetermined overhead allocation rate of 60% of direct labor cos Date Accounts Work-in-Process Inventory Manufacturing Overhead Debit Credit 13,620 13,620 j. Jobs completed during the month: Job 120, 900,000 Large Stars at total cost of $47,820 Date Accounts Finished Goods Inventory Help me solve this Video Get more help - O Debit Credit 47,820 the icon to view the balances.) Manufacturing Overhead . Jobs completed during the month: Job 120, 900,000 Large Stars at total cost of $47,820 Date Finished Goods Inventory Accounts Work-in-Process Inventory k Sales on account all of loh 120 for $111 000 Help me solve this Video Get more help - O C 13,620 Debit Credit 47,820 47,820 k. Sales on account all of Job 120 for $111,000 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. Date k. Accounts Receivable Sales Revenue Accounts Help me solve this Video Get more help - Debit Credit 111,000 111,000 hp S ch Sales Revenue Now record the cost of goods sold related to the sale of all of Job 120. Date k. Cost of Goods Sold Accounts Finished Goods Inventory I. Adjusted for overallocated or underallocated manufacturing overhead. Help me solve this Video Get more help - a 111,000 Debit Credit 47,820 47,820 hn 1. Adjusted for overallocated or underallocated manufacturing overhead. Accounts Date 1. Cost of Goods Sold Manufacturing Overhead Debit Credit 2 10.580 10,580 Requirement 2. T-accounts for the general ledger, the Raw Materials Inventory subsidiary ledger, the Work-in-Process Inventory with each account's balance as given. Post the iournal entries to the T-accounts using the transaction letters as a reference. Help me solve this Video Get more help - O hn on to view the trial balance.) s in the subsidiary ledgers were as follows: Con to view the balances.) (Click the icon to view the transactions.) Read the requirements. 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 su ount's balance as given Post the journal entries to the T-accounts using the transaction letters as a reference. sting the transactions to the general ledger accounts. Key each transaction by transaction letter, and calculate the ending balance of each account. (Post each entry by ente he transaction. For accounts with a zero balance, enter a "0" along with a "Bal." reference on the normal side of the T-account.) ournal entries you prepared in Requirement 1. Cash Accounts Receivable Raw Materials Inventory 7,000 2,000 20,000 (b) 43,000 (c) Bal 175.000 Bal. 6,200 152,000 (a) ne solve this Video Get more help - O a hp Dalance.) June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) (Click the Read the requ Begin with posting the transactions to the general ledger accounts. Key each transaction by transaction letter, and calculate the ending balance affected by the transaction. For accounts with a zero balance, enter a "0" along with a "Bal." reference on the normal side of the T-account.) Review the journal entries you prepared in Requirement 1. Cash Accounts Receivable Raw Materials Inventory Bal 17,000 152,000 20,000 (b) 43,000 (c) Bal. 175,000 Bal. 6,200 D 152,000 (a) 41,900 (g) (k) 111,000 Bal. 64,100 Bal. 134,000 Help me solve this Video Get more help a (d) 31,500 9,850 (e) Bal. 27.850 41,900 (g) (K) 111,000 Bal. 64,100 Bal 134,000 (d) 31,500 9,850 (e) Bal. 27,850 Work-in-Process Inventory Bal. 41,100 Finished Goods Inventory Bal. 22,200 Bal. Property, Plant, and Equipment 210,000 (e) 8,850 (f) 22,700 13,620 47.820 (j) (j) 47,820 47,820 (k) Bal. 38,450 Bal. 22,200 Bal. 210,000 Accumulated Denranistinn Assunta Davable Help me solve this Video Get more help - C hp MN Davabla ly leagers were as follows: i (Click the icon to view the balances.) U 13,620 47,8200) 41020 47.02U (K) Bal. 38,450 Bal 22,200 Bal. 210,000 Accumulated Depreciation Accounts Payable 74,000 Bal. 127,000 Bal. (C) 43,000 2,900 (h) 76,900 Bal. Common Stock Wages Payable 1,700 Bal 31,500 (d) 115,500 Bal. (g) 41,900 43,000 (f) 2,800 Bal. Retained Earnings Help me solve this Video Get more help - C Sales Revenue Re 76.900 Bal 115,500 Bal. Common Stock Retained Earnings 141.000 Bal. 127,800 Bal. 141.000 Bal. Cost of Goods Sold 127,800 Bal. Manufacturing Overhead Help me solve this Video Get more help - 197 Sales Revenue 2,800 Bal 111,000 (k) 111,000 Bal. Selling and Admin. Expenses $ hp 141,000 Bal. Cost of Goods Sold (k) 47,820 (1) 10,580 Bal. 58,400 127,800 Bal. Manufacturing Overhead 111,000 Bal. Selling and Admin. Expenses (e) 1,000 (f) 20,300 13,620 (i) (h) 2,900 10,580 (1) (b) 20,000 Bal. 0 Bal. 20,000 Post the transactions to the Raw Materials Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and calcula posting.) Help me solve this Video Get more help - ho Bal. 58,400 th Bal. Bal. L 20,000 Post the transactions to the Raw Materials Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and cal posting.) Paper Bal. 4,300 Indirect Materials Bal. 1,900 (d) 27,700 8,850 (e) (d) 3,800 1,000 Bal. 23,150 Bal. 4,700 Post the transactions to the Work-in-Process Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and calc Help me solve this Video Get more help - hp Part 16 of 20 Sneeches Stars produces stars for elementary teachers to reward their students. Sneeches Stars' trial balance on June 1 follows (Click the icon to view the trial balance June 1 balances in the subsidiary ledgers were as follows (Click the icon to view the balances (d) 27,700 8,850 (e) (d) Bal 23.150 Bal 3.800 4.700 1,000 (e) points Points: 5.71 of 20 June transactions are summarized as follows: (Click the icon to view the transactions.) Read the requirements. Post the transactions to the Work-in-Process Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and calculate the ending balance "Bal." of each account. (For accounts with a zero balance, enter a "0" along with a "Bal." reference on the normal side of the T-account.) Job 120 Bal 41,100 Job 121 Help me solve this Video Get more help Clear all Check answer 94F Partly sunny 4:00 6/9/2