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The following events occurred during March for Ajax Company. A. Materials were purchased on account for $35,434. B. Materials were requisitioned to begin work on
The following events occurred during March for Ajax Company. A. Materials were purchased on account for $35,434. B. Materials were requisitioned to begin work on Job C15 in the amount of $25,262. C. Direct labor expense for Job C15 was $24,128. D. Actual overhead was incurred on account of $32,854. E. Factory overhead was charged to Job C15 at the rate of 200% of direct labor. F. Job C15 was transferred to finished goods at $97,646. G. Job C15 was sold on account for $403,000. Prepare a journal entry for each transaction. If an amount box does not require an entry, leave it blank. A. B. C. D. E. F. G
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