t accounts for the general ledger

1or elementary teachers to reward their students. Teacher Stars' trial balance on June 1 June transactions are summarized as follows Ek the icon to view the trial balance) Salances in the subsidiary ledgers were as k the icon to view the balances) More Info - ament 1. Journalize the transactions for the ctions on account, $151,000 ate Accou . Cash Accounts Receivable a. Collections on account, $151,000 b. Selling and administrative expenses incurred and paid $31,000 c. Payments on account. $35,000 d. Materials purchased on account: Paper. $21,000 indirect materials, $4,100 6. Materials requisitioned and used in production Job 120: Paper, $ 850 Job 121: Paper $ 7,650 Indirect materials $ 2,000 1. Wages incurred during June $36,000. Labor time records for the month Job 120, 53,700, Job 121, 518,800, Indirect labor, $13,500 9. Wages paid in June include the balance in the Wages Payable at May 31 plus $33,300 of Wages incurred during June h. Depreciation on plant and equipment, $3,300, 1. Manufacturing overhead allocated at the predetermined overhead allocation rate of 80% of direct labor costs. 1. Jobs completed during the month Job 120 with 900,000 Large Stars at a total cost of $47,010 k Sales on account all of Job 120 for $133,000 1. Adjusted for overallocated or underallocated manufacturing overhead. ng and administrative expenses incurred an ata Accou . Selling and Administrative Expens Cash Print Done ents on account, $35,000 Data Table Teacher Stars Trial Balance June 1, 2024 Balance Account Title Debit Credit Cash $ 25,000 185,000 6,200 39,500 Accounts Receivable Inventories: Raw Materials Work-in-Process Finished Goods Property, Plant, and Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock 22,200 240,000 69,000 125,000 1,800 141,000 Print Done Data Table Accounts Receivable 185,000 Inventories: Raw Materials 6,200 Work-in-Process 39,500 22,200 240,000 Finished Goods Property, Plant, and Equipment Accumulated Depreciation Accounts Payable Wages Payable $ 69,000 125,000 1,800 Common Stock 141,000 181,100 Retained Earnings Sales Revenue Cost of God So 0 Manufacturing Overhead 0 0 Selling and Administrative Expenses $ 517,900 $ 517,900 Total Print Done More Info . Raw Materials Inventory subsidiary ledger: Paper, $4,700; indirect materials, $1,500 Work-in-Process Inventory subsidiary ledger: Job 120, $39,500; Job 121, $0 Finished Goods Inventory subsidiary ledger: Large Stars, $9,600; Small Stars, $12,600 Print Done Requirements. -accounts ir ne yene veuger, we raw midteriais tivemory SUUsiulary leuyer, tre VUIR-HI TOCUSS TIVEMOTY Suusiulary ieuy each account's balance as given. Post the journal entries to the T-accounts using the transaction letters as a reference. Begin with posting the transactions to the general ledger accounts. Key each transaction by transaction letter, and calculate the ending balance o by the transaction. For accounts with a zero balance, enter a "0" along with a "Bal." reference on the normal side of the T-account.) Review the journal entries you prepared in Requirement 1. Cash Accounts Receivable Raw Materials Inventory Bal. 25,000 (b) Bal 185,000 Bal. 6,200 Work-in-Process Inventory Bal 39,500 Finished Goods Inventory Bal Property, Plant, and Equipment Bal. 240,000 22,200