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Chapter 17--Can someone please help me with this? thanks Requirement 2. T-accounts for the general ledger, the Raw Materials Inventory subsidiary ledger, the Work-in-Process Inventory

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Chapter 17--Can someone please help me with this? thanks

Requirement 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 Begin with posting 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 entering only one debitor credit to each T-account 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 22,000 180 000 Work-in-Process Inventory Bal. 41,000 Finished Goods Inventory Bal. 21,100 Property, Plant, and Equipment Bal. 280,000 Accumulated Depreciation Wages Payable Accounts Payable 135,000 Bal. 78,000 Bal. 2,900 Bal. Sales Revenue Common Stock 146,000 Bal. Retained Earnings 188,000 Bal. Cost of Goods Sold Manufacturing Overhead Selling and Admin. Expenses Learning Stars Trial Balance June 1, 2018 Balance Debit Credit 22,000 180,000 $ Account Title Cash Accounts Receivable Inventories: Raw Materials Work-in-Process Finished Goods Property, plant, and Equipment Accumulated Depreciation Accounts Payable Wages Payable 5,800 41,000 21,100 280,000 $ 78,000 135,000 2,900 2,900 146,000 188,000 Wages Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Manufacturing Overhead Selling and Administrative Expenses $ 549,900 $ 549,900 Total Raw Materials Inventory subsidiary ledger: Paper, $4,700; indirect materials, $1,100 Work-in-Process Inventory subsidiary ledger: Job 120, $41,000; Job 121, $0 Finished Goods Inventory subsidiary ledger: Large Stars, $9,500; Small Stars, $11,600 Drist a. Collections on account, $152,000. b. Selling and administrative expenses incurred and paid, $22,000. C. Payments on account, $45,000. d. Materials purchased on account: Paper, $21,000, indirect materials, $5,100. e. Materials requisitioned and used in production: Job 120: Paper, S 600 Job 121: Paper, $ 7,850 Indirect materials, $ 1,900 f. Wages incurred during June, $41,000. Labor time records for the month: Job 120, $3,500; Job 121, $16,500, indirect labor, $21,000. g. Wages paid in June include the balance in the Wages Payable at May 31 plus $38,200 of wages incurred during June h. Depreciation on plant and equipment, $2,600. i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 90% of direct labor costs. j. Jobs completed during the month: Job 120 with 100,000 Large Stars at a total cost of $48,250. k. Sales on account: all of Job 120 for $111,000. I. Adjusted for overallocated or underallocated manufacturing overhead

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