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Prepare journal entries to record the following production activities for Hotwax. 1. Incurred direct labor of $125,000 (credit Factory Payroll Payable). 2. Incurred indirect labor
Prepare journal entries to record the following production activities for Hotwax. |
1. Incurred direct labor of $125,000 (credit Factory Payroll Payable). |
2. Incurred indirect labor of $10,000 (credit Factory Payroll Payable). |
3. Total factory payroll of $135,000 was paid in cash.
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