mats. Explanations are not required. at More Info . cou a. Incurred and paid Web site expenses, $2,500 b. Incurred manufacturing wages of $13,000, 55% of which was direct labor and 45% of which was indirect labor. c. Purchased raw materials on account, $15,000. d. Used in production: direct materials, $9,500; indirect materials, $3,000. e. Recorded manufacturing overhead: depreciation on plant, $17,000; plant insurance (previously paid) $1,300; plant property tax, $3,600 (credit Property Tax Payable). 1. Allocated manufacturing overhead to jobs, 160% of direct labor costs. g. Completed production on jobs with costs of $36,000 h. Sold inventory on account, $28,000; cost of goods sold, $14,000 i. Adjusted for overallocated or underallocated overhead. 0,55% Accou ory ad Print Done nt, $15.000 umber in the input fields and then continue to the next question. DOO >II $. 20 F3 000 4 F7 A * # 3 $ 4 % 5 & 7 6 8 9 0 E Q T T Y 0 P E G KL - SUVVY (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, $2,500. Date Accounts Debit Credit a. 2,500 Website Expenses Cash 2,500 b. Incurred manufacturing wages of $13,000, 55% of which was direct labor and 45% of which was indirect labor. Date Accounts Debit Credit b. Work-in-Process Inventory Manufacturing Overhead Wages Payable Journalize the following transactions for Lake's Seats. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) c. Purchased raw materials on account, $15,000. Date Accounts Debit Credit c Raw Materials Inventory Accounts Payable d. Used in production: direct materials. $9,500indirect materials, $3,000 Date Accounts Debit Credit d Work-in-Process Inventory Manufacturing Overhead Raw Materials Inventory $1.300: plant property tax, $2.500 (credit Property Tax Payable) (Pru WIR TUWg uransactions for Lake's Seats. Explanations are not required (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) e. Recorded manufacturing overhead: depreciation on plant, $17,000; plant insurance (previously paid). $1,300 plant property tax, $3,600 (credit Property Tax Payable). (Prepare a compound end Date Accounts Debit Credit Manufacturing Overhead Accumulated Depreciation Plant Property Tax Payable Prepaid Insurance f. Allocated manufacturing overhead to jobs, 180% of direct labor costs Date Accounts Debit Credit f. Work in Process Inventory Manufacturing Overhead Joumalize the following transactions for Lake's Seats. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) 9. Completed production on jobs with costs of $36,000 Date Accounts Debit Credit g- Finished Goods Inventory Work-in-Process Inventory h. Sold Inventory on account, $28,000; 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 Accounts Debit Credit h. Accounts Receivable Sales Revenue Choose from any list or enter any number in the input fields and then continue to the next question Save for Later ! esc 80 F3 F4 FS
