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Prepare the applicable journal entries for the following activities of the Taft Corporation, a manufacturer of electric blenders. a. January 1: b. January 2:
Prepare the applicable journal entries for the following activities of the Taft Corporation, a manufacturer of electric blenders. a. January 1: b. January 2: c. January 3: d. January 4: $200,000, purchased raw materials, on account. $15,000 rent paid, in cash, for the manufacturing plant. $150,000 of raw materials were requisitioned for direct use in production. $25,000 of raw materials, were requisition for indirect use in production. e. January 29: $38,000 in overhead was applied to products being manufactured. f. January 30: $190,000 in goods were completed and transferred to a warehouse. g. January 31: $175,000 of products were sold. and Austin. The company
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