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The XYX company is dedicated to the manufacture of bicycles, according to the specific orders of the clients. Record transactions 1 through 15 on the
The XYX company is dedicated to the manufacture of bicycles, according to the specific orders of the clients. Record transactions 1 through 15 on the attached worksheet. The opening balances are already registered in it. Transaction 1: $ 70,000 of direct materials are purchased on credit and taken to the warehouse. Transaction 2: $ 67,000 worth of materials is used to manufacture the products. Transaction 3: $ 20,000 is paid for wages and salaries to production employees. Transaction 4: $ 38,000 is paid in salaries to employees working in sales and administrative areas. Transaction 5: $ 5,000 is paid for the purchase of furniture that will be used in the sales and administrative offices. Transaction 6: The depreciation of the company's furniture is recognized, including the one acquired for the offices in event 5. The charge for annual depreciation is $ 1,500. Transaction 7: $ 4,000 is paid for manufacturing equipment. Transaction 8: The depreciation of the company's manufacturing equipment is recognized, including that acquired in event 7. The charge for annual depreciation is $ 3,200. Transaction 9: $ 8,000 of indirect manufacturing costs are recognized; $ 2,400 was paid in cash and $ 5,600 was on credit Transaction 10: Finished units are transferred to the warehouse in the amount of $ 102,000. Transaction 11: $ 4,300 is paid for ads and other promotional expenses. Transaction 12: Merchandise is sold to customers for $ 160,000; $ 64,000 in cash and $ 96,000 on credit. Transaction 13: The inventory sold in transaction 12 had a cost of $ 98,000. Transaction 14: $ 90,000 is received from customers who have purchased on credit. Transaction 15: $ 75,000 is paid to creditors. Determine the ending balances for each column. stade de Renattaden "Bulan Share Actives (Art) Inventarios Trabajo Productos por Cobrar Materiales Proceso Terminades 5.000 3.000 10.000 700 Pasives Liabilities Coats per per Kective Mobiliaria Patrimonio de los Dructies Estado de Resultados Stockholder's quity Income Statement Ari Garden Ingreso Cm Retenidos Ingre Gaston www.ge - M 30.000 56 500 Hej defectivo Transaclia Bal Inicial 2.000 50,000 12.000 2.500 3 9 10 12 13 14 13
The XYX company is dedicated to the manufacture of bicycles, according to the specific orders of the clients.
Record transactions 1 through 15 on the attached worksheet. The opening balances are already registered in it.
Transaction 1: $ 70,000 of direct materials are purchased on credit and taken to the warehouse.
Transaction 2: $ 67,000 worth of materials is used to manufacture the products.
Transaction 3: $ 20,000 is paid for wages and salaries to production employees.
Transaction 4: $ 38,000 is paid in salaries to employees working in sales and administrative areas.
Transaction 5: $ 5,000 is paid for the purchase of furniture that will be used in the sales and administrative offices.
Transaction 6: The depreciation of the company's furniture is recognized, including the one acquired for the offices in event 5. The charge for annual depreciation is $ 1,500.
Transaction 7: $ 4,000 is paid for manufacturing equipment.
Transaction 8: The depreciation of the company's manufacturing equipment is recognized, including that acquired in event 7. The charge for annual depreciation is $ 3,200.
Transaction 9: $ 8,000 of indirect manufacturing costs are recognized; $ 2,400 was paid in cash and $ 5,600 was on credit
Transaction 10: Finished units are transferred to the warehouse in the amount of $ 102,000.
Transaction 11: $ 4,300 is paid for ads and other promotional expenses.
Transaction 12: Merchandise is sold to customers for $ 160,000; $ 64,000 in cash and $ 96,000 on credit.
Transaction 13: The inventory sold in transaction 12 had a cost of $ 98,000.
Transaction 14: $ 90,000 is received from customers who have purchased on credit.
Transaction 15: $ 75,000 is paid to creditors.
Determine the ending balances for each column.
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