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The following events occurred during March for Ajax Company. Prepare a journal entry for each transaction. A. Materials were purchased on account for $5,429.
The following events occurred during March for Ajax Company. Prepare a journal entry for each transaction. A. Materials were purchased on account for $5,429. B. Materials were requisitioned to begin work on Job C15 in the amount of $2,500. C. Direct labor expense for Job C15 was $4,250. D. Actual overhead was incurred on account for $5,385. E. Factory overhead was charged to Job C15 at the rate of 200% direct labor. F. Job C15 was transferred to finished goods at $15,250. G. Job C15 was sold on account for $28,000. (For practice do all the journal entries, but this is difficult to put into an objective question). What is the total for Job C15?
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