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PA14. LO 4.8 A movie production studio incurred the following costs related to its current movie: A. Purchased office supplies on account: $33,000 B. Issued
PA14. LO 4.8 A movie production studio incurred the following costs related to its current movie: A. Purchased office supplies on account: $33,000 B. Issued direct supplies: $22,512 C. Issued indirect supplies: $7,535 D. Time tickets showing direct labor: $32,503,230 E. Time tickets showing indirect labor: $574,326 F. Utilities expense on account: $957,323 G. Overhead applied: 10% of direct labor cost Create journal entries for the listed transactions. Solution A. 33,000 33,000 B. 22,512 22,512 C. 7,535 7,535 D. 32,503,230 32,503,230 E. 574,326 574,326 F. 957,323 957,323 G. 3,250,323 3,250,323
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