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Reg A to C Reg D CGM Sched Reg D Inc Stmt Reg D Bal Sheet Record the preceding events in a horizontal statements model.
Reg A to C Reg D CGM Sched Reg D Inc Stmt Reg D Bal Sheet Record the preceding events in a horizontal statements model. Reconcile all subsidiary accounts with their respective control accounts. Record the closing entry for over- or underapplied manufacturing overhead in the horizontal statements model, assuming that the amount is insignificant. The first event for 2019 has been recorded as an example. (Enter costs of each job individually. Enter any decreases to account balances with a minus sign.) Show less Cash Manufacturing Overhead Assets Raw Materials 0 Work In Process Finished Goods Equity Common Retained Stock Earnings 20.000 0 Revenue Expenses Net Income 20.000 0 0 0 0 0 0 20,000 0 + 0 01 0 = 20,000 + 0 0 = 0 Reg A to C Reg D CGM Sched Reg D Inc Stmt Reg D Bal Sheet Record the preceding events in a horizontal statements model. Reconcile all subsidiary accounts with their respective control accounts. Record the closing entry for over- or underapplied manufacturing overhead in the horizontal statements model, assuming that the amount is insignificant. The first event for 2019 has been recorded as an example. (Enter costs of each job individually. Enter any decreases to account balances with a minus sign.) Show less Cash Manufacturing Overhead Assets Raw Materials 0 Work In Process Finished Goods Equity Common Retained Stock Earnings 20.000 0 Revenue Expenses Net Income 20.000 0 0 0 0 0 0 20,000 0 + 0 01 0 = 20,000 + 0 0 = 0
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