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Record the following transactions in good form as discussed in class. Example: On January 1, Anaheim Company purchased inventory from a supplier for $20,000 paid
Record the following transactions in good form as discussed in class. Example: On January 1, Anaheim Company purchased inventory from a supplier for $20,000 paid in cash. Date Account Titles Jan. 1 Raw Materials Inventory Cash Debit Credit 20,000 20,000 On January 31, Anaheim paid the manager of the sales force her monthly salary of $25,000 in cash and paid direct laborers $50,000 in wages. Date Account Titles Debit Credit On January 31, Anaheim Company transferred $25,000 of raw materials to the factory all of which was indirect material. Date Account Titles Debit Credit On January 31, Anaheim Company applied manufacturing overhead of $5,200 to completed jobs. Date Account Titles Debit Credit
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