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School Stars produces stars for elementary teachers to reward their students. School Stars' trial balance on June 1 follows: June transactions are summar i (Click the icon to view the (Click the icon to view the trial balance.) Read the requirements June 1 balances in the subsidiary ledgers wer as follows: (Click the icon to view the balances.) Post the transactions to the Work-in-Process Inventory subsidiary ledger accounts. Key each transaction by transaction of each account. (For accounts with a zero balance, enter a "O" along with a "Bal." reference on the normal side of the Job 120 Job 121 Bal. 43,000 Post the transactions to the Finished Goods Inventory subsidiary ledger accounts. Key each transaction by transaction lette. each account. Large stars Small stars Bal. 9,200 Bal. 13,000 Choose from any list or enter any number in the input fields and then continue to the next question. Post the transactions to the Finished Goods Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and calculate the ending balance "Bal." of each account Small stars Large stars Cost Bal. 13,000 Bal. 9,200 cam ny p Requirement 3. Prepare a trial balance at June 30, 2018. (Leave both the Debit and Credt column.cells blank for accounts with a zero balance at June 30,) and di Review the general ledger accounts you prepared in Requirement 2. ad cos School Stars Trial Balance termined June 30, 2018 ? ount in- Choose from any Ist or enter any number in the input fields and then continue to the next question. School Stars produces stars for elementary teachers to reward their students. School Stars' trial balance on June 1 follows: June transaction i (Click the ic (Click the icon to view the trial balance.) Read the requirer June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Property, Plant and Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Manufacturing Overhead Selling and Administrative Expenses Total Requirement 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost of goods manufa Review the Work-In-Process Inventory general ledger account you prepared in Requirement 2 Choose from any list or enter any number in the input fields and then continue to the next question. 11:59pm 18 LO2 Animated ol Stars produces stars for elementary teachers to reward their students ol Stars' trial balance on June 1 follows: Click the icon to view the trial balance.) a 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) June transactions are summarized as follows: A (Click the icon to view the transactions.) Read the requirements equirement 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost of goods manufactured for the month of June. eview the Work-In-Process Inventory general ledger account you prepared in Requirement 2. School Stars Schedule of Cost of Goods Manufactured Month Ended June 30, 2018 Cost of Goods Manufactured Choose from any list or enter any number in the input fields and then continue to the next question. June transactions School Stars produces stars for elementary teachers to reward their students. School Stars' trial balance on June 1 follows: (Click the icon to view the trial balance.) (Click the icon to view the transact Read the requirements June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Income Statement Month Ended June 30, 2018 Cost of Goods Sold Gross Profit Choose from any list or enter any number in the input fields and then continue to the next question. Data Table School Stars Trial Balance June 1, 2018 Balance Account Title Debit Credit Cash $ 25,000 Accounts Receivable 180,000 Inventories: Raw Materials 5,300 Work-in-Process 43,000 Finished Goods 22,200 Property, Plant, and Equipment 210,000 Accumulated Depreciation 73,000 Accounts Payable 132,000 Wages Payable 1,700 Print Done i More Info Collections on account, $150,000. b. Selling and administrative expenses incurred and paid, $30,000. Payments on account, $43,000 d. Materials purchased on account: Paper, $21,000; indirect materials, $5,000. Materials requisitioned and used in production: a. C. e. Job 120: Paper $ 450 Job 121: Paper, $ 7,550 Indirect materials, $ 1,900 f. Wages incurred during June, $35,000. Labor time records for the month: Job 120, $4,800; Job 121, $17,250; indirect labor, $12,950. g. Wages paid in June include the balance in the Wages Payable at May 31 plus $32,100 of wages incurred during June. h. Depreciation on plant and equipment, $3,100 i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 60% of direct labor costs. old jJobs completed during the month: Job 120 with 600,000 Large Stars at a total cost of $51,130. Sales on account: all of Job 120 for $125,000. Adjusted for overallocated or underallocated manufacturing overhead. k. I. ny lis Print Done Statement - X iMore Info Raw Materials Inventory subsidiary ledger: Paper, $4,900; indirect materials $400 Work-in-Process Inventory subsidiary ledger: Job 120, $43,000; Job 121, $0 Finished Goods Inventory subsidiary ledger: Large Stars, $9,200; Small Stars $13,000 Print Done School Stars produces stars for elementary teachers to reward their students. School Stars' trial balance on June 1 follows: June transactions are summar i (Click the icon to view the (Click the icon to view the trial balance.) Read the requirements June 1 balances in the subsidiary ledgers wer as follows: (Click the icon to view the balances.) Post the transactions to the Work-in-Process Inventory subsidiary ledger accounts. Key each transaction by transaction of each account. (For accounts with a zero balance, enter a "O" along with a "Bal." reference on the normal side of the Job 120 Job 121 Bal. 43,000 Post the transactions to the Finished Goods Inventory subsidiary ledger accounts. Key each transaction by transaction lette. each account. Large stars Small stars Bal. 9,200 Bal. 13,000 Choose from any list or enter any number in the input fields and then continue to the next question. Post the transactions to the Finished Goods Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and calculate the ending balance "Bal." of each account Small stars Large stars Cost Bal. 13,000 Bal. 9,200 cam ny p Requirement 3. Prepare a trial balance at June 30, 2018. (Leave both the Debit and Credt column.cells blank for accounts with a zero balance at June 30,) and di Review the general ledger accounts you prepared in Requirement 2. ad cos School Stars Trial Balance termined June 30, 2018 ? ount in- Choose from any Ist or enter any number in the input fields and then continue to the next question. School Stars produces stars for elementary teachers to reward their students. School Stars' trial balance on June 1 follows: June transaction i (Click the ic (Click the icon to view the trial balance.) Read the requirer June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Property, Plant and Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Manufacturing Overhead Selling and Administrative Expenses Total Requirement 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost of goods manufa Review the Work-In-Process Inventory general ledger account you prepared in Requirement 2 Choose from any list or enter any number in the input fields and then continue to the next question. 11:59pm 18 LO2 Animated ol Stars produces stars for elementary teachers to reward their students ol Stars' trial balance on June 1 follows: Click the icon to view the trial balance.) a 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) June transactions are summarized as follows: A (Click the icon to view the transactions.) Read the requirements equirement 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost of goods manufactured for the month of June. eview the Work-In-Process Inventory general ledger account you prepared in Requirement 2. School Stars Schedule of Cost of Goods Manufactured Month Ended June 30, 2018 Cost of Goods Manufactured Choose from any list or enter any number in the input fields and then continue to the next question. June transactions School Stars produces stars for elementary teachers to reward their students. School Stars' trial balance on June 1 follows: (Click the icon to view the trial balance.) (Click the icon to view the transact Read the requirements June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Income Statement Month Ended June 30, 2018 Cost of Goods Sold Gross Profit Choose from any list or enter any number in the input fields and then continue to the next question. Data Table School Stars Trial Balance June 1, 2018 Balance Account Title Debit Credit Cash $ 25,000 Accounts Receivable 180,000 Inventories: Raw Materials 5,300 Work-in-Process 43,000 Finished Goods 22,200 Property, Plant, and Equipment 210,000 Accumulated Depreciation 73,000 Accounts Payable 132,000 Wages Payable 1,700 Print Done i More Info Collections on account, $150,000. b. Selling and administrative expenses incurred and paid, $30,000. Payments on account, $43,000 d. Materials purchased on account: Paper, $21,000; indirect materials, $5,000. Materials requisitioned and used in production: a. C. e. Job 120: Paper $ 450 Job 121: Paper, $ 7,550 Indirect materials, $ 1,900 f. Wages incurred during June, $35,000. Labor time records for the month: Job 120, $4,800; Job 121, $17,250; indirect labor, $12,950. g. Wages paid in June include the balance in the Wages Payable at May 31 plus $32,100 of wages incurred during June. h. Depreciation on plant and equipment, $3,100 i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 60% of direct labor costs. old jJobs completed during the month: Job 120 with 600,000 Large Stars at a total cost of $51,130. Sales on account: all of Job 120 for $125,000. Adjusted for overallocated or underallocated manufacturing overhead. k. I. ny lis Print Done Statement - X iMore Info Raw Materials Inventory subsidiary ledger: Paper, $4,900; indirect materials $400 Work-in-Process Inventory subsidiary ledger: Job 120, $43,000; Job 121, $0 Finished Goods Inventory subsidiary ledger: Large Stars, $9,200; Small Stars $13,000 Print Done