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Lamonda Corporation uses a job order cost system, On April t, the accounts had the following balances: The following transoctions occurred during Aprit: Required: a.

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Lamonda Corporation uses a job order cost system, On April t, the accounts had the following balances: The following transoctions occurred during Aprit: Required: a. Purchased materials on account at a cost of $136,000. Purchase of raw materials, and sales are on Account. b. Reculsitioned materials at a cost of $122,000, of which $28,000 was for general factory use. c. Recorded foctory labor of $155,000, of which $24,000 was indirect. d. Incurred other costs: (Hint: Use Miscelioneous Accounts for the total of all costs incurted) e. Applied overhedd at a rate equal to 135 percent of direct labor cost. f. Completed jobs costing $375,000, 9. Sold jobs costing $402.000 h. Recorded sales revenue of 5500,000 . Record the sales revenue earned on account. Prepare all of Lamonda's necessary journal entries for the month of Aprii Notes If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Lamonda Corporation uses a job order cost system. On April 1, the accounts had the following balances: The following transactions occurred during April: Required: a. Purchased materials on account at a cost of $136,000. Purchase of raw materials, and sales are on Account. b. Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use. c. Recorded factory labor of $155,000, of which $24,000 was indirect. d. Incurred other costs: (Hint: Use Miscellaneous Accounts for the total of all costs incurred). e. Applied overhead at a rate equal to 135 percent of direct labor cost. 1. Completed jobs costing $375,000. 9. Sold jobs costing $402,000. h. Recorded sales revenue of $500,000. Record the sales revenue earned on account. Prepare all of Lamonda's necessary journal entries for the month of April. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Lamonda Corporation uses a job order cost system. On April 1, the accounts had the following balances: The following transactions occurred during April: Required: a. Purchased materials on account at a cost of $136,000. Purchase of raw materials, and sales are on Account. b. Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use. c. Recorded factory labor of $155,000, of which $24,000 was indirect. d. Incurred other costs: (Hint: Use Miscellaneous Accounts for the total of all costs incurred). e. Applied overhead at a rate equal to 135 percent of direct labor cost. 1. Completed jobs costing $375,000. 9. Sold jobs costing $402,000. h. Recorded sales revenue of $500,000. Record the sales revenue earned on account. Prepare all of Lamonda's necessary journal entries for the month of April. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet 5678 Record Lamonda Corporation's payroll costs due but not paid. Notet Enter debits before credits. Lamonda Corporation uses a job order cost system. On April 1, the accounts had the following balances: The following transactions occurred during Aprit: Required: a. Purchased materials on account at a cost of $136,000. Purchase of raw materlals, and sales are on Account. b. Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use. c. Recorded factory labor of $155,000, of which $24,000 was indirect. d. Incurred other costs: (Hint: Use Miscellaneous Accounts for the total of all costs incurred). e. Applied overhead at a rate equal to 135 percent of direct labor cost. f. Completed jobs costing $375,000. 9. Sold jobs costing $402,000. h. Recorded sales revenue of $500,000. Record the sales revenue earned on account. Prepare all of Lamonda's necessary journal entries for the month of April. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Record the actual other costs incurred and paid. Note: Enter debits before credits. Lamonda Corporation uses a job order cost system. On April 1, the accounts had the following balances: The following transactions occurred during April: Required: a. Purchased materials on account at a cost of $136,000. Purchase of raw materials, and sales are on Account. b. Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use. c. Recorded factory labor of $155,000, of which $24,000 was indirect. d. Inriment ather costs: (Hint: Use Miscellaneous Accounts for the total of all costs incurred). e. Applied overhead at a rate equal to 135 percent of airect wabor cost. f. Completed jobs costing $375,000. 9. Sold jobs costing $402,000. h. Recorded sales revenue of $500,000. Record the sales revenue earned on account. Prepare all of Lamonda's necessary journal entries for the month of April. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Note: Enter debits before credits. Lamonda Corporation uses a job order cost system. On April 1, the accounts had the following balances: The following transactions occurred during April: Required: a. Purchased materials on account at a cost of $136,000. Purchase of raw materials, and sales are on Account. b. Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use. c. Recorded factory labor of $155,000, of which $24,000 was indirect. d. Incurred other costs: (Hint: Use Miscellaneous Accounts for the total of all costs incurred). e. Applied overhead at a rate equal to 135 percent or direct labor cost. f. Completed jobs costing $375,000. 9. Sold jobs costing $402,000. h. Recorded sales revenue of $500,000. Record the sales revenue earned on account. Prepare all of Lamonda's necessary journal entries for the month of April. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet 123 Record the transfer of work in process inventory to finished goods inventory. Note: Enter debits before credis. Lamonda Corporation uses a job order cost system. On April 1, the accounts had the following balances: The following transactions occurred during Apri: Required: a. Purchased materials on account at a cost of $136,000. Purchase of raw materlals, and sales are on Account. b. Requlsitioned materials at a cost of $122,000, of which $28,000 was for general factory use. c. Recorded factory labor of $155,000, of which $24,000 was indirect. d. Incurred other costs: (Hint: Use Miscellaneous Accounts for the total of all costs incurred) e. Applied overhead at a rate equal to 135 percent of direct labor cost. f. Completed jobs costing $375,000. 9. Sold jobs costing $402,000. h. Recorded sales revenue of $500,000. Record the sales revenue earned on account. Prepare all of Lamonda's necessary journal entries for the month of April. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet

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