Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Journalize the activities from these job cost sheets in the general journal. Also, journalize the other costs that occurred during this period. (Credit account titles

image text in transcribedimage text in transcribed

image text in transcribed

Journalize the activities from these job cost sheets in the general journal. Also, journalize the other costs that occurred during this period. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit 12/1 Raw Materials Inventory 53500 Accounts Payable 53500 12/2 Work in Process Inventory 5091 Raw Materials Inventory 5091 (To assign materials to jobs 357 & K52) 12/2 Work in Process Inventory 40400 Manufacturing Overhead 3000 Raw Materials Inventory 43400 (To assign materials to jobs and overhead) 12/3 Work in Process Inventory 140 Factory Labor 140 TO DO (To assign labor to jobs J57 & K52) 12/3 4 Work in Process Inventory 1800 Manufacturing Overhead 1800 (To assign overhead to jobs 357 & K52) 12/8 Work in Process Inventory 1050 Raw Materials Inventory 1050 12/9 e Work in Process Inventory 140 Factory Labor 140 | (To assign labor to jobs 357 & K52) 12/9 Work in Process Inventory 2000 Manufacturing Overhead 2000 (To assign overhead to jobs 357 & K52) 12/12 - Factory Labor 65500 Cash 65500 12/13 4 Manufacturing Overhead 9000 Cash 9000 12/13 - Work in Process Inventory 8000 Raw Materials Inventory 8000 12/14 Work in Process Inventory 140 Factory Labor 140 (To assign labor to jobs J57 & K52) 12/15 4 Work in Process Inventory 2000 Manufacturing Overhead 2000 (To assign overhead to jobs 357 & K52) 12/15 - Finished Goods Inventory 50000 Work in Process Inventory 50000 (To record completion of jobs 357 & K52) 12/18 - Finished Goods Inventory 50500 Work in Process Inventory 50500 12/21 - Manufacturing Overhead 11900 Cash 11900 12/31 Manufacturing Overhead 36800 Property Tax Payable 12100 Prepaid Insurance 8700 Accumulated Depreciation-Equipment 16000 Journalize the activities from these job cost sheets in the general journal. Also, journalize the other costs that occurred during this period. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit 12/1 Raw Materials Inventory 53500 Accounts Payable 53500 12/2 Work in Process Inventory 5091 Raw Materials Inventory 5091 (To assign materials to jobs 357 & K52) 12/2 Work in Process Inventory 40400 Manufacturing Overhead 3000 Raw Materials Inventory 43400 (To assign materials to jobs and overhead) 12/3 Work in Process Inventory 140 Factory Labor 140 TO DO (To assign labor to jobs J57 & K52) 12/3 4 Work in Process Inventory 1800 Manufacturing Overhead 1800 (To assign overhead to jobs 357 & K52) 12/8 Work in Process Inventory 1050 Raw Materials Inventory 1050 12/9 e Work in Process Inventory 140 Factory Labor 140 | (To assign labor to jobs 357 & K52) 12/9 Work in Process Inventory 2000 Manufacturing Overhead 2000 (To assign overhead to jobs 357 & K52) 12/12 - Factory Labor 65500 Cash 65500 12/13 4 Manufacturing Overhead 9000 Cash 9000 12/13 - Work in Process Inventory 8000 Raw Materials Inventory 8000 12/14 Work in Process Inventory 140 Factory Labor 140 (To assign labor to jobs J57 & K52) 12/15 4 Work in Process Inventory 2000 Manufacturing Overhead 2000 (To assign overhead to jobs 357 & K52) 12/15 - Finished Goods Inventory 50000 Work in Process Inventory 50000 (To record completion of jobs 357 & K52) 12/18 - Finished Goods Inventory 50500 Work in Process Inventory 50500 12/21 - Manufacturing Overhead 11900 Cash 11900 12/31 Manufacturing Overhead 36800 Property Tax Payable 12100 Prepaid Insurance 8700 Accumulated Depreciation-Equipment 16000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Principles Of Cost Accounting

Authors: Vanderbeck

13th Edition

0324191693, 978-0324191691

More Books

Students also viewed these Accounting questions