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I need question solved for the following. jobs entering production during the month are as follows, in summary form: Required: Journalize the Mar. 3 1
I need question solved for the following. jobs entering production during the month are as follows, in summary form:
Required:
Journalize the Mar. summary entries to record each of the following operations for March one entry for each operation
a Direct and indirect materials used.
b Direct and indirect labor used.
c Factory overhead applied to all four jobs a single overhead rate is used based on direct labor cost
d Completion of Jobs and ASSETS
Cash
Accounts Receivable
Notes Receivable
Interest Receivable
Materials
Work in Process
Factory Overhead
Finished Goods
Supplies
Prepaid Insurance
Prepaid Expenses
Land
Factory
Accumulated DepreciationFactory
REVENUE
Sales
Interest Revenue
EXPENSES
Cost of Goods Sold
Wages Expense
Selling Expenses
Insurance Expense
Utilities Expense
Office Supplies Expense
Administrative Expenses
Depreciation ExpenseFactory
Miscellaneous Expense
Interest Expense
LIABILITIES
Accounts Payable
Utilities Payable
Notes Payable
Interest Payable
Lease Payable
Wages Payable
Consultant Fees Payable
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