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I need help please with the red x's toSave Annetta Nilsen Off Nilsen Mgr. Review View Formulas Data Help Home Insert Draw Page Layout e
I need help please with the red x's
toSave Annetta Nilsen Off Nilsen Mgr. Review View Formulas Data Help Home Insert Draw Page Layout e % Conditional Formatting Cells Editing Font board Alignment Number A F Format as Table cell styles Styles D E G H B Exercise 2 Record the journal entries to accumulate the following costs: 3/10 Purchased $20 raw materials on credit (account) from Wholesaler Co. 3/15 Paid factory rent of $120 (Ck#225). 3/25 Received factory utilities invoice of $30 (the invoice is due 4/15). 3/31 Depreciation of equipment totaled $10. Of this 80% is factory related. Dr. Cr. 20 Date Account / Explanation 3/10 Raw materials inventory Accounts payable (Purchase RM-Wholesaler Co.) 20 120 120 3/15 Manufacturing overhead Cash (Rent - Ck #225) 30 30 3/25 Manufacturing overhead Accounts payable (Accrue utilities) N00 3/31 Manufacturing overhead Depreciation expense Accumulated depreciation - equip (Depreciation) 10 Exercise 3 Record the journal entries to assign the following costs: 3/31 Used $16 of raw materials for specific jobs and $4 for general use. 3/31 Time tickets showed $88 of direct labor and $8 indirect labor. 3/31 Predetermined overhead rate is 180% of direct labor. PR Class ... G+ 1 2-5 6-7 8 9 DO QS Ex 100% dy 10:35 AM Annetta Nilsen AutoSave Nilsen Mgr. - Off x 0 Review View Formulas Data 3 Draw File Home Insert Help Page Layout % Conditional Formatting Cells Clipboard Font Editing Alignment Number F Format as Table Alx Cell Styles A Styles D67 fx D A E F G H A B 27 Record the journal entries to assign the following costs: 3/31 Used $16 of raw materials for specific jobs and $4 for general use. 3/31 Time tickets showed $88 of direct labor and $8 indirect labor. 3/31 Predetermined overhead rate is 180% of direct labor. 16 4 28 Exercise 3 29 30 31 32 33 34 35 36 37 38 39 40 41 3/31 Work in process inventory Manufacturing overhead Raw materials inventory (Assign raw materials) 20 88 8 3/31 Work in process inventory Manufacturing overhead Factory payroll (Assign payroll costs) 96 42 43 44 3/31 Work in process inventory Manufacturing overhead (Assign overhead) 45 46 47 48 Exercise 4 49 50 51 52 Record journal entries for the following events: 3/31 Completed two jobs costing a total of $120 to complete. 3/31 Received $230 as payment for the two completed jobs. 120 120 53 3/31 Finished goods inventory Work in process inventory (Completed jobs #212 & 214) 54 55 56 230 3/31 Cash > 1 2-5 6-7 8 9 DQ QS EX PR Class ... 10096 30% Ready 10:36 AM 2/11/2021 w Din File Home Insert Draw Page Layout Formulas Data Review View Help % Conditional Formatting Q Clipboard Font Alignment Number 1 Format as Table Cells Editing Al> Cell Styles Styles A D67 f B C D E F G H Record journal entries for the following events: 3/31 Completed two jobs costing a total of $120 to complete. 3/31 Received $230 as payment for the two completed jobs. 120 47 48 Exercise 4 49 50 51 52 53 54 55 56 57 58 59 50 51 62 3/31 Finished goods inventory Work in process inventory (Completed jobs #212 & 214) 120 230 3/31 Cash Sales (Cash received for jobs #212 & 214) 230 120 3/31 Cost of goods sold Finished goods inventory (Recognize expense for jobs #212 & 214) 120 Record the journal entry to close out over/underaplied overhead? Calculate by reviewing exercises 2,3 & 4. 63 54 Exercise 5 55 56 57 58 59 0 *1 2 3 4 5 3/31 Cost of goods sold Manufacturing overhead (Close out overhead) X 6 1 2-5 6-7 8 9 DQ QS Ex PR Class ... +Step by Step Solution
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