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Requirement: 4. Record all transactions and related entries for October Custom Chrome Inc. manufactures special chromed parts made to the order and specifications of the
Requirement: 4. Record all transactions and related entries for October
Custom Chrome Inc. manufactures special chromed parts made to the order and specifications of the customer. It has two production departments, Stamping and Plating, and two service departments, Power and Maintenance. In any production department, the job in process is wholly completed before the next job is started The company operates on a fiscal year, which ends September 30. Following is the post-closing trial balance as of September 30 Custom Chrome Inc. Post-Closing Trial Balance September 30, 2013 Cash $ 22,500 21,700 8,750 3,600 15,000 4,320 64,000 Work in Process Accum. Depr.-Factory Building $ 22,500 38,000 Accum. Depr.-Machinery and 16,000 10,500 7,500 2,500 3,120 364 1,404 5,200 75,000 54,782 Federal Unemployment Tax Payable Capital StockStep by Step Solution
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