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Question 13 During the month of July, Zeem Company incurred the following manufacturing costs: 1. Purchased raw materials of $8,500 on account. 2. Incurred factory
Question 13 During the month of July, Zeem Company incurred the following manufacturing costs: 1. Purchased raw materials of $8,500 on account. 2. Incurred factory labour of $27,650 and payroll taxes of $2,900. 3. Factory utilities of $4,140 are payable, and depreciation on the factory building is $6,540. Prepare journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit To record purchases of raw materials on account) To record factory labour costs) (To record overhead costs)
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