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The following data summarizes the operations for Mercedes Inc. during the year. Prepare a journal entry for each transaction given below: A. Purchase of raw
The following data summarizes the operations for Mercedes Inc. during the year. Prepare a journal entry for each transaction given below: A. Purchase of raw materials on account B. Raw materials used by Job MCX C. Raw materials used as indirect materials D. Direct labor for Job MCX E. Indirect labor incurred for Job MCX F. Factory utilities incurred on account G. Adjusting entry for factory depreciation H. Manufacturing overhead applied as % of direct labor 1. Job MCX is transferred to finished goods J. Job MCX is sold K. Manufacturing overhead is underapplied Date Details JOURNAL ENTRIES (Complete the table below for the transactions above) A. Dr. 6000 1600 2000 800 120 2000 800 100% KD 4,000 400
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