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labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form: Required:
labor were used during the month. The cost sheets for the four 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 CHART OF ACCOUNTS Collegiate Publishing Inc. General Ledger 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 PayableLIABILITIES Accounts Payable Utilities Payable Notes Payable Interest Payable Lease Payable Wages Payable Consultant Fees Payable EQUITY Common Stock Retained Earnings DividendsJournalize 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 General Journal Instructions
labor were used during the month. The cost sheets for the four 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 CHART OF ACCOUNTS
Collegiate Publishing Inc.
General Ledger
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 PayableLIABILITIES
Accounts Payable
Utilities Payable
Notes Payable
Interest Payable
Lease Payable
Wages Payable
Consultant Fees Payable
EQUITY
Common Stock
Retained Earnings
DividendsJournalize 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
General Journal Instructions
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