Question
Complete the T-accounts with the information taken from the Dec 31, 2019, adjusted trial balance from the accounting records of Frank's Furniture Advertising Expense -
Complete the T-accounts with the information taken from the Dec 31, 2019, adjusted trial balance from the accounting records of Frank's Furniture
Advertising Expense - $ 22250
Depreciation expense Office Equip - 10,440 Depreciation expense Selling Equip - 12,125 Depreciation expense Factory Equip. - 37,400 Direct Labor - 564,500 Factory supervision - 123,400 Factory supplies used (indirect materials) - 8,060 Factory utilities - 39,500 Inventories: Raw Materials, Dec 31, 2018 - 42,375 Raw Materials, Dec 31, 2019 - 72,430 Goods-in-Process, Dec 31, 2018 - 14,500 Goods-in-Process, Dec 31, 2019 - 16,100 Finished Goods, Dec 31, 2018 - 179,200 Finished Goods, Dec 31, 2019 - 143,750 Income taxes expense - 138,700 Indirect labor - 61,000 Misc. Production costs - 10,440 Office salaries expense - 72,875 Raw materials purchased - 896,375 Rent expense office space - 25,625 Rent expense selling space - 29,000 Rent expense factory building - 95,500 Maintenance expense - factory - 32,375 Sales - 5,002,000
Sales Discounts - 59,375 Sales salaries expense - 297,300
Complete the T-accounts with the information taken from the Dec 31, 2019, adjusted trial balance from the accounting records of Frank's Furniture RAW MATERIALS GOODS-IN-PROCESS FINISHED GOODS DM COGM DL FOH FACTORY OVERHEAD FACTORY PAYROLL COST OF GOODS SOLD DL FOH IL 0Step by Step Solution
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