Required informationRequired information

Use the following information to answer questions. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

The following information is available for ADT Company, which produces special$-$order security products and uses a job

order costing system. Overhead is applied using a predetermined overhead rate of $55\%$ of direct labor cost.

Exercise $19-15($Algo$)$ Recording actual and applied overhead LO P$3$

Incurred other actual overhead costs $($all paid in Cash$).$

Applied overhead to work in process.

Prepare journal entries for the above transactions for the period.

Journal entry worksheet

Record the entry for other actual overhead costs incurred $($all paid in Cash$).$

Note: Enter debits before credits.

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

The following data is provided for Garcon Company and Pepper Company for the year ended December $31.$

Exercise $18-8($Algo$)$ Preparing financial statements for a manufacturer LO P$1$

Prepare income statements for both Garcon Company and Pepper Company.

Prepare the current assets section of the balance sheet for each company.

Complete this question by entering your answers in the tabs below.

Prepare the income statement for Garcon Company.