Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Job No 301 Job No 302 Job No. 303 tobs No you Job Wo 305 Quention not attermied. begin{tabular}{|c|c|c|c|c|c|c|} hline & =2 & begin{tabular}{l} Kayn

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Job No 301 Job No 302 Job No. 303 tobs No you Job Wo 305 Quention not attermied. \begin{tabular}{|c|c|c|c|c|c|c|} \hline & =2 & \begin{tabular}{l} Kayn \\ Sichodui \end{tabular} & \begin{tabular}{l} er industres inc: \\ of Untaished so \end{tabular} & & & Scoret 0/4? \\ \hline 1 & b0 & & Diect Materials. & Dinet labex & Factory Orethead & veal \\ \hline i & & & & & & \\ \hline 1 & E & & & & & \\ \hline - & Brince ol Went in Rocks lanary 30 & & & & & \\ \hline \end{tabular} f Jobs completed 301,302,303, and 305 Requited: condi anount in enterod: a. Mafenats purchased on account, 533,100 b. Matenats reausitioned and tactorv tabor uted 4 thane enterd Quertion not otrenped Question nac attenwted. \begin{tabular}{|c|c|c|c|c|c|} \hline & \multirow{2}{*}{\multicolumn{4}{|c|}{\begin{tabular}{l} Kavmer Industnes the \\ Sheoule of Compieted Jobs: \end{tabular}}} & \multirow[t]{2}{*}{ Score: 0/21} \\ \hline & & & & & \\ \hline i) & \multirow[t]{2}{*}{ ist } & Cineat Munerists & Dinectlator: & Facory Overtead & kat: \\ \hline 1 & & & & & \\ \hline \end{tabular} 126 Interest Receivable 131 Malenals 132. Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid insurance 143 Prepaid Expenses. 18 s Land 191 Machinery and Equipment 192. Accumulated Depreciation-Machinery and Equipment EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Seting Expenses 532 Insurance Expense 533 Uthibes Expense 534 Once Supplies Expense 540 Administrative Expensps 561 Depreciation Expense-Machinery and Equipment 590 Miscellaneous Expense 710 interest Expense. LABILITES 210 Accounts Payable 221. Unitios Payable 231 Notes Payable 236 interest Payable 241 tease Payable 251 Wages Payable 252 Consulfant Fees Payable 2. Post the appropriate entres fo T accounts for Work in Process and Finshed Goods, using the identifying ietters as transaction codes Determ ne the correct ending balance. The ending balance label is prowded on the ibf sids of the T account even when the ending Datance is a credt. The unused cell on the batance line should be left blank 3 Propare at schedife of unfinished jobs to support the balance in the work in process account." 4. Prepare a schedule of completed joas on hand to support the batance in the finished goods account * -Refer to the hist of Amount Descrotions for the exact wording of the answer cnoces far text entries Job No 301 Job No 302 Job No. 303 tobs No you Job Wo 305 Quention not attermied. \begin{tabular}{|c|c|c|c|c|c|c|} \hline & =2 & \begin{tabular}{l} Kayn \\ Sichodui \end{tabular} & \begin{tabular}{l} er industres inc: \\ of Untaished so \end{tabular} & & & Scoret 0/4? \\ \hline 1 & b0 & & Diect Materials. & Dinet labex & Factory Orethead & veal \\ \hline i & & & & & & \\ \hline 1 & E & & & & & \\ \hline - & Brince ol Went in Rocks lanary 30 & & & & & \\ \hline \end{tabular} f Jobs completed 301,302,303, and 305 Requited: condi anount in enterod: a. Mafenats purchased on account, 533,100 b. Matenats reausitioned and tactorv tabor uted 4 thane enterd Quertion not otrenped Question nac attenwted. \begin{tabular}{|c|c|c|c|c|c|} \hline & \multirow{2}{*}{\multicolumn{4}{|c|}{\begin{tabular}{l} Kavmer Industnes the \\ Sheoule of Compieted Jobs: \end{tabular}}} & \multirow[t]{2}{*}{ Score: 0/21} \\ \hline & & & & & \\ \hline i) & \multirow[t]{2}{*}{ ist } & Cineat Munerists & Dinectlator: & Facory Overtead & kat: \\ \hline 1 & & & & & \\ \hline \end{tabular} 126 Interest Receivable 131 Malenals 132. Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid insurance 143 Prepaid Expenses. 18 s Land 191 Machinery and Equipment 192. Accumulated Depreciation-Machinery and Equipment EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Seting Expenses 532 Insurance Expense 533 Uthibes Expense 534 Once Supplies Expense 540 Administrative Expensps 561 Depreciation Expense-Machinery and Equipment 590 Miscellaneous Expense 710 interest Expense. LABILITES 210 Accounts Payable 221. Unitios Payable 231 Notes Payable 236 interest Payable 241 tease Payable 251 Wages Payable 252 Consulfant Fees Payable 2. Post the appropriate entres fo T accounts for Work in Process and Finshed Goods, using the identifying ietters as transaction codes Determ ne the correct ending balance. The ending balance label is prowded on the ibf sids of the T account even when the ending Datance is a credt. The unused cell on the batance line should be left blank 3 Propare at schedife of unfinished jobs to support the balance in the work in process account." 4. Prepare a schedule of completed joas on hand to support the batance in the finished goods account * -Refer to the hist of Amount Descrotions for the exact wording of the answer cnoces far text entries

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

Question

Difference between manual welding and robotics welding.

Answered: 1 week ago