Indicate the accounts to be debited and credited when recording the following transactions by writing the identifying letters in the answer column.

Answer (the first one is an example)

Dr. Cr.

_H__ _I__ 0. The adjusting entry for beginning raw materials inventory.

____ ____ 1. The adjusting entry for depreciation of factory equipment.

____ ____ 2. The adjusting entry for ending finished goods inventory.

____ ____ 3. The adjusting entry for beginning work-in-process inventory.

____ ____ 4. The adjusting entry for beginning finished goods inventory.

____ ____ 5. The adjusting entry for depreciation of office equipment.

____ ____ 6. The adjusting entry for ending work-in-process inventory.

____ ____ 1. The adjusting entry for ending raw materials inventory

Selection Key:

A. Accumulated Depreciation, Factory Equipment

B. Accumulated Depreciation, Office Equipment

C. Depreciation expense, Factory Equipment

D. Finished Goods Inventory

E. General Expenses (control)

F. Work-in-process Inventory

G. Income Summary

H. Manufacturing Summary

I. Raw Materials Inventory