Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need joirnal entries, T-accounts, and a income statement for these numbers. thanks! for numbers 1-12 I need to create journal entries with debits and

I need joirnal entries, T-accounts, and a income statement for these numbers. thanks! image text in transcribed
for numbers 1-12 I need to create journal entries with debits and credits, then i need these numbers to be added to t-accounts, and also an income statement with the final numbers.
Format - B I U .A 3 3 ice Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Upde x fx BI 1.1.2019 Materials Cash Accounts payable Accounts receivable WIP Bank loan Equity Finished Goods 15,000 30,000 10,000 35,000 15,000 10,000 100,000 30,000 70,000 3,000 1. Manufacturing equipment purchased on account (usefull life of 10 years) 2. Materials sent to manufacturing 3. Charges of wages: Manufacturing workers Supervisors in manufacturing Selling department Administrative salaries Total 5,000 2,000 3,000 3,000 13,000 7,500 2,000 4. Products are finished 5. Invoice for marketing research 6. Finished goods for 10.000 are sold for 17.000. 7. Invoice for electricity 8. Monthly depreciation of equipment charged 9. Products are finished 10. Invoice for telephone, of this: manufacturing department selling department administrative department 11. Manufacturing overhead is allocated to manufacturing. 12. Finished goods for 25.000 are sold for 40.000. 2,700 222 5,000 3,000 1,500 500 1,000 222 exercise List2 List3 + eady

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions