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Can I have help with requirements b-i with some calculations if possible? Thanks, I'd appreciate it. Journalize the following transactions for Marge's Sofas. Explanations are
Can I have help with requirements b-i with some calculations if possible? Thanks, I'd appreciate it.
Journalize the following transactions for Marge's Sofas. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses. $2,000. More Info Date Accounts Credit Debit 2,000 a. Website Expenses Cash 2,000 b. Incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was indirect labor. a. Incurred and paid Web site expenses, $2,000. Incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was b. indirect labor. G. Purchased raw materials on account. $24,000. d. Used in production direct materials, $7,500; indirect materials, $5,000. Recorded manufacturing overhead: depreciation on plant, $18,000; plant insurance (previously e. paid), $1,500; plant property tax, $3,900 (credit Property Tax Payable). 1. Allocated manufacturing overhead to jobs, 200% of direct labor costs. g. Completed production on jobs with costs of of S40,000. h. Sold inventory on account, $22,000; cost of goods sold, $18,000. I. Adjusted for overallocated underallocated overhead. Date Accounts Debit Credit b Work-in-Process Inventory Manufacturing Overhead Wages Payable Print DoneStep by Step Solution
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