Goldenrod Company Makes Artificial Flowers And Reports The Following Data For The Month. E: (Click The Icon To View The Data.) Journalize The Entries Relating To Materials And Labor. (Record Debits First, Then Credits. Exclude Explanations From Journal Entries.) Begin By Journalizing The Entry For The Purchase Of Materials On Account. Date Accounts Debit

 

 

Goldenrod Company makes artificial flowers and reports the following data for the month. (Click the icon to view the data.) Journalize the entries relating to materials and labor. (Record debits first, then credits. Exclude explanations from journal entries.) Begin by journalizing the entry for the purchase of materials on account. Date Accounts Next, journalize the entry to record raw materials used in production. Date Accounts Finally, journalize the entry to record the labor incurred in production but not yet paid. Date Accounts Debit Credit Data Table - Purchases of materials, on account $ 54,000 Materials requisitions: Direct materials Indirect materials 45,100 200 Debit Credit Labor incurred (not yet paid): Direct labor 19,500 Indirect labor 1,940 Debit Credit Print Done