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Hugh Company had the following transactions in October (Click the icon to view the transactions.) Prepare the journal entries for Hugh Company. (Record debits first,
Hugh Company had the following transactions in October (Click the icon to view the transactions.) Prepare the journal entries for Hugh Company. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. Purchased raw materials on account, $90,000 Date Accounts Debit Credit More Info X 1. Purchased raw materials on account, $90,000 2. Used materials in production: $21,000 in the Mixing Department; $11,000 in the Packaging Department; $1,400 in indirect materials 3. Incurred labor costs: $10,000 in the Mixing Department; $7,500 in the Packaging Department; $2,100 in indirect labor 4. Incurred manufacturing overhead costs: $8,000 in machinery depreciation; paid $2,900 for rent and $1,910 for utilities Print Done
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