Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE HELP ! ve Help Wilmington Company manufactures various machined parts to customer specifications. For the most recent month, Wilmington Company recorded the following transactions:

PLEASE HELP ! image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
ve Help Wilmington Company manufactures various machined parts to customer specifications. For the most recent month, Wilmington Company recorded the following transactions: a. Raw materials of $77,000 were purchased on account b. Raw materials of $75,000 were used in production of this amount. $62,000 was for direct materials and the remainder was for Indirect materials Total labor wages of $128,500 were paid in cash. Of this amount, $103,500 was for direct labor and the remainder was for indirect d. Depreciation incurred on factory equipment was $196,000. 3:30 labor d Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) nces View transaction list Journal entry worksheet 13 A Help Wilmington Company manufactures various machined parts to customer specifications. For the most recent month, Wilmington Company recorded the following transactions: a. Raw materials of $77,000 were purchased on account b. Raw materials of $75,000 were used in production of this amount, $62,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $128,500 were paid in cash. Of this amount $103,500 was for direct labor and the remainder was for indirect d. Depreciation incurred on factory equipment was $196,000. labor. Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 $75,000 in raw materials were used in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials. Note: Enter debits before credits Transaction General Journal Dobit Credit b. Wilmington Company manufactures various machined parts to customer specifications. For the most recent month, Wilmington Company recorded the following transactions: a. Raw materials of $77,000 were purchased on account b. Raw materials of $75,000 were used in production of this amount $62,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $128,500 were paid in cash. Of this amount, $103,500 was for direct labor and the remainder was for indirect d. Depreciation incurred on factory equipment was $196,000. labor Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Help Wilmington Company manufactures various machined parts to customer specifications. For the most recent month, Wilmington Company recorded the following transactions: a. Raw materials of $77,000 were purchased on account. b. Raw materials of $75.000 were used in production of this amount, $62,000 was for direct materials and the remainder was for Indirect materials c. Total labor wages of $128,500 were paid in cash. Of this amount, $103,500 was for direct labor and the remainder was for indirect labor. d. Depreciation incurred on factory equipment was $196,000. Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 3 4 > Depreciation of $196,000 was incurred on factory equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit d. Prev 1 of 4 Next >

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

Sound Investing, Chapter 18 - Significant Accounting Policies And Changes In Them

Authors: Kate Mooney

3rd Edition

0071719407, 9780071719407

More Books

Students also viewed these Accounting questions

Question

b. Where is it located (hospital, research institute, university)?

Answered: 1 week ago

Question

Appreciate why organizational managers prefer to remain union-free

Answered: 1 week ago