Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me fill in the chart Entry for issuing materials Instructions chart of Accounts Journal Instructions Materials issued are as follows: Requisition No. Material

please help me fill in the chart
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Entry for issuing materials Instructions chart of Accounts Journal Instructions Materials issued are as follows: Requisition No. Material Job No Amount 201 500 Aluminum Plasto $87.190 28,310 202 500 203 Rubber 504 3,290 2.140 204 Glue Indirect 205 Steel 510 36.430 bumalize the entry on Dec 31 to record the issuance of materials. Refer to the chart of accounts for the exact wording of the account ites. NOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debitor credit entries. Do not add explanations or skip a line between ouma entries. CNOW Journals will automatically indent a credit entry when a credit anount is entered Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 410 Sales 610 Interest Revenue 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540 Administrative Expenses 560 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense Chart of Accounts 181 Land 191 Factory 192 Accumulated Depreciation-Factory 560 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary Entry for issuing materials Instructions Chart of Account Journal Journa Journalize the entry on Dec 31 to record the issuance of materials. Refer to the chart of accounts for the exact wording of the account tos CNOW Joumals do not use lines for spaces or ouma explanations. Every one on a journal page is used for debit or credit entries. Do not add oxwlanations or skip a Ino benwoon Journal ones. CNOW Journals will automatically indent a crect entry when a credit amount is entered. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCIUPTION POST. REY DEBIT CREON ASSETS Us EQUITY Work in Process Factory Overhead

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Auditing

Authors: A. Pandu

1st Edition

8189630822, 978-8189630829

More Books

Students also viewed these Accounting questions

Question

2. Why is resilience sometimes described as ordinary magic?

Answered: 1 week ago