Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prairie Flax Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show other actual overhead

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Prairie Flax Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show other actual overhead incurred on account for $210,000. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank \# 1 Blank \# 2 Prairie Flax Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show time manufacturing overhead being applied at the rate of 125% of direct labor cost. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank \# 1 Blank \# 2 Prairie Flax Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show the completed and transferred goods costing $455,000. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank \# 1 Blank \# 2 Prairie Flax Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show the sales of goods on account for $650,000, costing $375,000. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank \# 1 Blank \# 2 Blank \# 3 Blank \# 4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions