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Question Completion Status: Step 1 1-Dec The following is a list of transactions that need to be recorded for the company for activity in
Question Completion Status: Step 1 1-Dec The following is a list of transactions that need to be recorded for the company for activity in the month of December. Record those in the "General Journal" tab of the excel file using the proper format. Please use the following accounts: Accounts payable Accounts receivables Accumulated depreciation Advertising expense Cost of goods sold Raw materials purchased on account, $17,000. Depreciation expense Finished goods Salaries and wages expense Salaries and wages payable Sales revenue Manufacturing overhead Raw materials Work in process Insurance expense 5-Dec All Raw materials needed for Job #1 were requested from the material storage for use during the month. All materials are direct (After you journalize this entry please enter the information into Job #1 Cost Sheet) 10-Dec 12-Dec The following employee costs were incurred but not paid during the month Direct labor for Job #1, consisted of 60 hours at a rate of $45 per hour, totaling $2,700. (After you journalize this entry please enter the information into Job #1 Cost Sheet) Salary for supervisor of the factory $2,800. Administrative Salary $1,000. Manufacturing overhead cost was applied based on direct labor hours to Job #1 using the POHR calculated in Question 1. (After you journalize this entry please enter the information into Job #1 Cost Sheet) 15-Dec All Raw materials needed for Job #2 were requested from the material storage for use during the month. All materials are direct (After you journalize this entry please enter the information into Job #2 Cost Sheet)
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