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Joumalize the following transactions for Betty's Benches. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations
Joumalize the following transactions for Betty's Benches. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,100. Date a. Accounts Debit Credit b. Incurred manufacturing wages of $13,000, 55% of which was direct labor and 45% of which was indirect labor. Date b. Accounts c. Purchased raw materials on account, $17,000. Date c. More info Debit Credit Accounts Debit Credit a. Incurred and paid Web site expenses, $2,100. Incurred manufacturing wages of $13,000, 55% of which was direct labor and 45% of which was b. indirect labor c. Purchased raw materials on account, $17,000. d. Used in production: direct materials. $9.500; indirect materials, $2.000. Recorded manufacturing overhead: depreciation on plant, $15,000: plant insurance (previously e. paid), $1,000; plant property tax, $3,600 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. g. Completed production on jobs with costs of $36,000. h. Sold inventory on account. $30,000; cost of goods sold, $14,000. i. Adjusted for overallocated or underallocated overhead. operty tax, $3,600 (credit Property Tax Print Done Journalize the following transactions for Betty's Benches. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) d. Used in production: direct materials, $9,500; indirect materials, $2,000. Date d. Accounts Debit Credit e. Recorded manufacturing overhead: depreciation on plant, $15,000; plant insurance (previously paid), $1,000; plant property tax, $3,600 (credit Property Tax Payable). (Prepare a compound entry.) Date .. Accounts f. Allocated manufacturing overhead to jobs, 230% of direct labor costs Date f. More info Accounts Debit Credit Debit Credit a. Incurred and paid Web site expenses. $2,100. Incurred manufacturing wages of $13.000, 55% of which was direct labor and 45% of which was b. indirect labor. c. Purchased raw materials on account, $17,000. d. Used in production: direct materials, $9.500; indirect materials. $2.000. Recorded manufacturing overhead: depreciation on plant. $15,000: plant insurance (previously e. paid), $1,000: plant property tax, $3,600 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. g. Completed production on jobs with costs of $36,000. h. Sold inventory on account. $30,000: cost of goods sold. $14,000. i. Adjusted for overallocated or underallocated overhead. Print Done We will do that in the next step More info a. Incurred and paid Web site expenses, $2,100. Incurred manufacturing wages of $13,000, 55% of which was direct labor and 45% of which was b. indirect labor. c. Purchased raw materials on account, $17,000. d. Used in production: direct materials, $9.500 indirect materials $2.000. Recorded manufacturing overhead: depreciation on plant, $15,000; plant insurance (previously e. paid), $1,000 plant property tax, $3,600 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs. 230% of direct labor costs. g. Completed production on jobs with costs of $36,000. h. Sold inventory on account, $30,000; cost of goods sold, $14,000. i. Adjusted for overallocated or underallocated overhead. Print Done g. Completed production on jobs with costs of $36,000. Date Accounts Debit Credit Xestion: 20 possible Submit quiz h. Sold inventory on account, $30,000; cost of goods sold, $14,000. Begin by recording the revenue from the sales on account. Do not record the expense related to the sale in this journal entry. We will do that in the next step. Date h. Accounts Debit Credit Now record the expense related to the sale. Date h. Accounts Debit Credit i. Adjusted for overallocated or underallocated overhead. Date L Accounts Debit Credit
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