June transactions are summarized as follows: Click the icon to view the transactions) Howie Stars produces stars for elementary teachers to reward their students. Howie Stars' trial balance on June 1 follows: (Click the icon to view the trial balance) June 1 balances in the subsidiary lodgers were as follows: Click the loon to view the balances.) Read the requirements Requirement 1. Journalize the transactions for the company (Record debits first, then credits Exclude explanations from any oumalantes) a. Collections on account, $150,000 Debit Date Accounts 150,000 Accounts Receivable b. Selling and administrative expenses incurred and paid $30,000 Credit Song and Admin Expense Choose from any list or enter any number in the input Delds and then continue to the next question June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) c. Payments on account, $42,000 Accounts Debit Date Credit 42,000 Accounts Payable 42,000 Cash Debit d. Materials purchased on credit: Paper, $21,600; Indirect materials, S4,800 (Prepare a single joumal entry for this event.) Date Accounts Credit Raw Materials Inventory 26400 26400 Accounts Payable 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 e. Materials requisitioned and used in production: Job 120: Paper, $600, Job 121: Paper, 57,700, Indirect materials, $1,400 (Prepare a single journal entry for this event) Debit Credit Accounts Date 8300 Work in Process Inventory 1400 Manufacturing Overhead Raw Materials Inventory e oumayo 1. Wages incurred during June $35.000. Labor time records for the month Job 120, $4.750; Job 121.516.600 indirect labor $10,050 Prepar Debit Credit Accounts Date Work in Process Inventory Manufacturing Overhead Wages Payable June transactions are summarized as follows: (Click the icon to view the transactions) Howie Stars produces stars for elementary teachers to reward their students. Howie 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 9. Wages paid in June include the balance in the Wages Payable account at May 31 plus $34,900 of wages incurred in June. Debit Credit Wages Payable 37400 Depreciation on plant and equipment, $2,700 Debit Credit Accounts B onec ubon 1. Manufacturing overhead was allocated at the predetermined overhead allocation rate of 60% of direct labor costs Accounts Debit Credit Date 12810 Work-in-Process Inventory Manufacturing Overhead 12810 Credit 1. Jobs completed during the month: Job 120, 900,000 Large Stars at total cost of $49.200 Date Accounts Debit 49.200 Finished Goods Inventory 49,200 Work-in-Process Inventory nn innutinda and then continue to the next question Read the require (Click the icon to view the tral balance.) June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Debit Credit Accounts Date 105,000 Accounts Receivable Sales Revenue Now record the cost of goods sold related to the sale of all of Job 120. Debit Credit Accounts Date 49.200 49.200 Cost of Goods Sold Finished Goods Inventory er located manufacturing overhead Read the requirements. 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.) Cash Accounts Receivable Bal 20,000 30,000 (6) Bal. 150,000 150,000 (a) (a) 150,000 42,000 (K) 105,000 Raw Materials Inventory 9700 ) Bal. (d) 6,300 26400 Finished Goods Inventory Property, Plant, and Equipment Bal 230,000 Bal 21,300 Work-in-Process Inventory Bal. 41,000 8300 21350 49200 10) 49200(k) Bat 230.000 number in the input fields and then continue to the next question June 1 follows: 18 (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 Accumulated Depreciation 68,000 Bal. 2700 (h) Accounts Payable 42000 131,000 Bal. 26400 (d) Wages Payable 37400 2,500 Bal 38000 c) 3000 Bal 70900 Bal. Sales Revenue 105,000 (k) Common Stock 141,000 Bal. Retained Earnings 126,100 Bal Chons from any list or enter any number in the input fields and then continue to the next question June transactions are summarized as follows (Click the icon to view the transactions) Howie Stars produces stars for elementary teachers to reward their students. Howie 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 Cost of Goods Sold Manufacturing Overhead Selling and Admin Expenses 49.200 Post the transactions to the Raw Materials Inventory Subsidiary ledger accounts. Kay each transaction by transaction letter and calculate the ending balance, "Bal" of each count Coran transaction (o) into one posting.) umher in the input fields and then continue to the next question Read the requirements . (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.) balance, enter a "0" along with a "Bal" reference on the normal side of the T-account) Job 121 Job 120 41,000 Bal. Post the transactions to the Finished Goods Inventory subsidiary ledger accounts. Key each transaction by transaction letter and calculate the ending Large stars Small stars Bal 12.300 Bal. 9.000 form any list or enter any number in the input folds and then continue to the next question June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Howie Stars Trial Balance June 30, 2018 Balance Account Title Debit Credit Cash Accounts Receivable Inventories: Raw Materials Work in Process Finished Goods Property, Plant and Equipment Accumulated Depreciation Accounts Payable Choose from any list or enter any number in the input fields and then continue to the next question June transactions are sum Click the icon to view Read the requirements Howie Stars produces stars for elementary teachers to reward their students. Howie Stars' trial balance on June 1 follows: m (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.) y, LUI Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Manufacturing Overhead Selling and Administrative Expenses Total Requirement 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost of goods manufactured onemo hry general ledger account you prepared in Requirement 2 Howie Stars Schedule of Cost of Goods Manufactured Month Ended June 30, 2018 Cost of Goods Manufactured Ragwirement 5. Prepare an income statement for the month of June. to the next question June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Review the journal entry for underallocated manufacturing overhead you prepared in Requirement 1. Howie Stars Income Statement Month Ended June 30, 2018 Cost of Goods Sold inter any number in the input fields and then continue to the next question June 1 balances in the subsidiary ledgers were as follows: Click the icon to view the balances.) Cost of Goods Sold Gross Pro a nden Choose any stronter any number in the mout How to domestay teaches toward that students Higie Stars' trance on June trascorre Click the icon to view the transactions) Data Table Read the requirements 1 More Info Howie Stars Trial Balance June 1, 2018 Balance Debit Credit Account Title Raw Materials inventory subay lodger Paper 9.400 direct m e $1,000 . Word Process inventory subsidiary od 120.41.000 121.30 * Finished Goods Inventory subr eder Large W.000 $12300 20.000 150,000 Raw Mate WordPress Fished Goods Property, Pan and Louiment Acumulated Depreciation 21 300 230.000 $ 8.000 131.000 Done June transactions are summarized as follows: Click the icon to view the transactions) Howie Stars produces stars for elementary teachers to reward their students. Howie Stars' trial balance on June 1 follows: (Click the icon to view the trial balance) June 1 balances in the subsidiary lodgers were as follows: Click the loon to view the balances.) Read the requirements Requirement 1. Journalize the transactions for the company (Record debits first, then credits Exclude explanations from any oumalantes) a. Collections on account, $150,000 Debit Date Accounts 150,000 Accounts Receivable b. Selling and administrative expenses incurred and paid $30,000 Credit Song and Admin Expense Choose from any list or enter any number in the input Delds and then continue to the next question June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) c. Payments on account, $42,000 Accounts Debit Date Credit 42,000 Accounts Payable 42,000 Cash Debit d. Materials purchased on credit: Paper, $21,600; Indirect materials, S4,800 (Prepare a single joumal entry for this event.) Date Accounts Credit Raw Materials Inventory 26400 26400 Accounts Payable 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 e. Materials requisitioned and used in production: Job 120: Paper, $600, Job 121: Paper, 57,700, Indirect materials, $1,400 (Prepare a single journal entry for this event) Debit Credit Accounts Date 8300 Work in Process Inventory 1400 Manufacturing Overhead Raw Materials Inventory e oumayo 1. Wages incurred during June $35.000. Labor time records for the month Job 120, $4.750; Job 121.516.600 indirect labor $10,050 Prepar Debit Credit Accounts Date Work in Process Inventory Manufacturing Overhead Wages Payable June transactions are summarized as follows: (Click the icon to view the transactions) Howie Stars produces stars for elementary teachers to reward their students. Howie 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 9. Wages paid in June include the balance in the Wages Payable account at May 31 plus $34,900 of wages incurred in June. Debit Credit Wages Payable 37400 Depreciation on plant and equipment, $2,700 Debit Credit Accounts B onec ubon 1. Manufacturing overhead was allocated at the predetermined overhead allocation rate of 60% of direct labor costs Accounts Debit Credit Date 12810 Work-in-Process Inventory Manufacturing Overhead 12810 Credit 1. Jobs completed during the month: Job 120, 900,000 Large Stars at total cost of $49.200 Date Accounts Debit 49.200 Finished Goods Inventory 49,200 Work-in-Process Inventory nn innutinda and then continue to the next question Read the require (Click the icon to view the tral balance.) June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Debit Credit Accounts Date 105,000 Accounts Receivable Sales Revenue Now record the cost of goods sold related to the sale of all of Job 120. Debit Credit Accounts Date 49.200 49.200 Cost of Goods Sold Finished Goods Inventory er located manufacturing overhead Read the requirements. 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.) Cash Accounts Receivable Bal 20,000 30,000 (6) Bal. 150,000 150,000 (a) (a) 150,000 42,000 (K) 105,000 Raw Materials Inventory 9700 ) Bal. (d) 6,300 26400 Finished Goods Inventory Property, Plant, and Equipment Bal 230,000 Bal 21,300 Work-in-Process Inventory Bal. 41,000 8300 21350 49200 10) 49200(k) Bat 230.000 number in the input fields and then continue to the next question June 1 follows: 18 (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 Accumulated Depreciation 68,000 Bal. 2700 (h) Accounts Payable 42000 131,000 Bal. 26400 (d) Wages Payable 37400 2,500 Bal 38000 c) 3000 Bal 70900 Bal. Sales Revenue 105,000 (k) Common Stock 141,000 Bal. Retained Earnings 126,100 Bal Chons from any list or enter any number in the input fields and then continue to the next question June transactions are summarized as follows (Click the icon to view the transactions) Howie Stars produces stars for elementary teachers to reward their students. Howie 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 Cost of Goods Sold Manufacturing Overhead Selling and Admin Expenses 49.200 Post the transactions to the Raw Materials Inventory Subsidiary ledger accounts. Kay each transaction by transaction letter and calculate the ending balance, "Bal" of each count Coran transaction (o) into one posting.) umher in the input fields and then continue to the next question Read the requirements . (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.) balance, enter a "0" along with a "Bal" reference on the normal side of the T-account) Job 121 Job 120 41,000 Bal. Post the transactions to the Finished Goods Inventory subsidiary ledger accounts. Key each transaction by transaction letter and calculate the ending Large stars Small stars Bal 12.300 Bal. 9.000 form any list or enter any number in the input folds and then continue to the next question June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Howie Stars Trial Balance June 30, 2018 Balance Account Title Debit Credit Cash Accounts Receivable Inventories: Raw Materials Work in Process Finished Goods Property, Plant and Equipment Accumulated Depreciation Accounts Payable Choose from any list or enter any number in the input fields and then continue to the next question June transactions are sum Click the icon to view Read the requirements Howie Stars produces stars for elementary teachers to reward their students. Howie Stars' trial balance on June 1 follows: m (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.) y, LUI Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Manufacturing Overhead Selling and Administrative Expenses Total Requirement 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost of goods manufactured onemo hry general ledger account you prepared in Requirement 2 Howie Stars Schedule of Cost of Goods Manufactured Month Ended June 30, 2018 Cost of Goods Manufactured Ragwirement 5. Prepare an income statement for the month of June. to the next question June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Review the journal entry for underallocated manufacturing overhead you prepared in Requirement 1. Howie Stars Income Statement Month Ended June 30, 2018 Cost of Goods Sold inter any number in the input fields and then continue to the next question June 1 balances in the subsidiary ledgers were as follows: Click the icon to view the balances.) Cost of Goods Sold Gross Pro a nden Choose any stronter any number in the mout How to domestay teaches toward that students Higie Stars' trance on June trascorre Click the icon to view the transactions) Data Table Read the requirements 1 More Info Howie Stars Trial Balance June 1, 2018 Balance Debit Credit Account Title Raw Materials inventory subay lodger Paper 9.400 direct m e $1,000 . Word Process inventory subsidiary od 120.41.000 121.30 * Finished Goods Inventory subr eder Large W.000 $12300 20.000 150,000 Raw Mate WordPress Fished Goods Property, Pan and Louiment Acumulated Depreciation 21 300 230.000 $ 8.000 131.000 Done
