Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and sales activities for June. The journal entry to record June

image text in transcribed
Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and sales activities for June. The journal entry to record June sales is: Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $ 87,000 160,000 155% 432,000 444.000 810,000 OA) Debit Accounts Receivable $810,000; credit Sales $810,000; debit Cost of Goods Sold $444,000; credit Finished Goods Inventory $444,000. B) Debit Accounts Receivable $810,000; credit Sales $366,000: credit Finished Goods Inventory $444,000. C) Debit Cost of Goods Sold $444.000; credit Sales $444,000. OD) Debit Accounts Receivable $810,000: credit Cost of Goods Sold $810,000. E) Debit Finished Goods Inventory $444,000: debit Sales $810,000: credit Accounts Receivable $810,000; credit Cost of Goods Sold $444,000. ER TY

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Performance Auditing Contributing To Accountability In Democratic Government

Authors: Jeremy Lonsdale, Peter Wilkins, Tom Ling

1st Edition

1848449720, 978-1848449725

More Books

Students also viewed these Accounting questions

Question

Differentiate 3sin(9x+2x)

Answered: 1 week ago

Question

Compute the derivative f(x)=(x-a)(x-b)

Answered: 1 week ago