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Hints: This is a little different than what we did in lecture as this is for a service company, not a manufacturer. Use the following
Hints: This is a little different than what we did in lecture as this is for a service company, not a manufacturer. Use the following accounts to make your entries and answer (b)
- Cash
- Supplies
- Accounts Payable
- Service Salaries and Wages Payable
- Service Contracts in Process (Replaces the Work In Process Account)
- Operating Overhead ( Replaces Manufacturing Overhead)
- Cost of Completed Service Contracts (COGS) This is related to the last transaction
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