wielu meir students is that balance on June 1 follows: (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances) June transactions are summarized as follows: (Click the icon to view the transactions) Read the requirements Requirement 2. T-accounts for the general ledger, the Raw Materials inventory subsidiary ledger, the Work in Process Inventory subsidiary lodger and the Finished Goods Inventory subsidiary lodger have been opened for you along with each accounts balance as given Post the journal entries to the 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 of each account (Post each entry by entering only one debitor credit to each T-account affected 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) Beview the imatontties. You nequest 1 Cash Accounts Receivable Raw Materials Inventory CO Choose from any list or enter any number in the input fields and then Review the journal entries you prepared in Requirements Cash Accounts Receivable Bal 19,000 Bal 155,000 Raw Materials Inventory 6,200 Bal Work in Process Inventory Finished Goods Inventory Property. Plant, and Equipment Choose from any list of enter any number in the input fields and then click Check Answer 6 pans remaining Clear All Check Ans Work in Process Inventory Bal 40,750 Finished Goods Inventory Bal 22,800 Property, Plant, and Equipment Bal 260,000 Choose from any list or enter any number in the input fields and then click Check Answer nilated Depreciation 76,000 Bal Accounts Payable 132,000 Bal Wages Payable 3,300 Bal Pom Si Common Stock 144.000 Bal Retained Earnings 148,450 Bal Sales Revenue Cost of Goods Sold Manufacturing Overhead Selling and Admin. Expenses kt0 Choose from anys or enter any number in the routes and then click CheckAnswer Jows: ns.) Stella Stars Trial Balance June 1, 2018 Account Title Balance Cash Debit Credit $ Accounts Receivable 19,000 Inventories: 155,000 Raw Materials Work-in-Process Finished Goods 6,200 40.750 22.800 Print Done Check Ans $ a. Collections on account, $153,000. b. Selling and administrative expenses incurred and paid, $30,000 c. Payments on account, $41,000. d. Materials purchased on account: Paper, $20,000; indirect materials, $3,300 e. Materials requisitioned and used in production: Job 120: Paper 650 Job 121: Paper, $ 7,850 Indirect materials, $ 1.000 f. Wages incurred during June, 535,000. Labor time records for the month Job 120 $4,750: Job 121, $18,300; Indirect labor $11.950 9. Wages paid in June include the balance in the Wages Payable at May 31 plus $33.700 of wages incurred during June h. Depreciation on plant and equipment. 52 800 Manufacturing overhead allocated at the predetermined overhead allocation rate of 50% of direct labor costs 1. Jobs completed during the month Job 120 with 600.000 Large Stars at a total cost of $48 525. k. Sales on account, all of Job 120 for $130.000 Print Done Or -X b. Selling and administrative expenses incurred and paid, 530,000 c. Payments on account, $41,000. d. Materials purchased on account: Paper, $20,000, indirect materials, $3,300 e. Materials requisitioned and used in production: Job 120: Paper $ 650 Job 121: Paper, $ 7,850 Indirect materials, $1,000 f. Wages incurred during June, $35.000. Labor time records for the month Job 120 54.750: Job 121. $18.300: Indirect labor, $11.950. g. Wages paid in June include the balance in the Wages Payable at May 31 plus 533,700 of wages incurred during June h. Depreciation on plant and equipment, $2 800. L. Manufacturing overhead allocated at the predetermined overhead allocation rate of 50% of direct labor costs 1. Jobs completed during the month Job 120 with 600 000 Large Stars at a total cost of $48,525 k. Sales on account all of Job 120 for 5130.000 1. Adjusted for overallocated or underallocated manufacturing overhead Print Done . Raw Materials Inventory subsidiary ledger Paper, $4,100; indirect materials, $2,100 Work-in-Process Inventory subsidiary ledger: Job 120, $40,750; Job 121, $0 Finished Goods Inventory subsidiary ledger: Large Stars, $9 200: Small Stars, $13,600 Print Done wielu meir students is that balance on June 1 follows: (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances) June transactions are summarized as follows: (Click the icon to view the transactions) Read the requirements Requirement 2. T-accounts for the general ledger, the Raw Materials inventory subsidiary ledger, the Work in Process Inventory subsidiary lodger and the Finished Goods Inventory subsidiary lodger have been opened for you along with each accounts balance as given Post the journal entries to the 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 of each account (Post each entry by entering only one debitor credit to each T-account affected 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) Beview the imatontties. You nequest 1 Cash Accounts Receivable Raw Materials Inventory CO Choose from any list or enter any number in the input fields and then Review the journal entries you prepared in Requirements Cash Accounts Receivable Bal 19,000 Bal 155,000 Raw Materials Inventory 6,200 Bal Work in Process Inventory Finished Goods Inventory Property. Plant, and Equipment Choose from any list of enter any number in the input fields and then click Check Answer 6 pans remaining Clear All Check Ans Work in Process Inventory Bal 40,750 Finished Goods Inventory Bal 22,800 Property, Plant, and Equipment Bal 260,000 Choose from any list or enter any number in the input fields and then click Check Answer nilated Depreciation 76,000 Bal Accounts Payable 132,000 Bal Wages Payable 3,300 Bal Pom Si Common Stock 144.000 Bal Retained Earnings 148,450 Bal Sales Revenue Cost of Goods Sold Manufacturing Overhead Selling and Admin. Expenses kt0 Choose from anys or enter any number in the routes and then click CheckAnswer Jows: ns.) Stella Stars Trial Balance June 1, 2018 Account Title Balance Cash Debit Credit $ Accounts Receivable 19,000 Inventories: 155,000 Raw Materials Work-in-Process Finished Goods 6,200 40.750 22.800 Print Done Check Ans $ a. Collections on account, $153,000. b. Selling and administrative expenses incurred and paid, $30,000 c. Payments on account, $41,000. d. Materials purchased on account: Paper, $20,000; indirect materials, $3,300 e. Materials requisitioned and used in production: Job 120: Paper 650 Job 121: Paper, $ 7,850 Indirect materials, $ 1.000 f. Wages incurred during June, 535,000. Labor time records for the month Job 120 $4,750: Job 121, $18,300; Indirect labor $11.950 9. Wages paid in June include the balance in the Wages Payable at May 31 plus $33.700 of wages incurred during June h. Depreciation on plant and equipment. 52 800 Manufacturing overhead allocated at the predetermined overhead allocation rate of 50% of direct labor costs 1. Jobs completed during the month Job 120 with 600.000 Large Stars at a total cost of $48 525. k. Sales on account, all of Job 120 for $130.000 Print Done Or -X b. Selling and administrative expenses incurred and paid, 530,000 c. Payments on account, $41,000. d. Materials purchased on account: Paper, $20,000, indirect materials, $3,300 e. Materials requisitioned and used in production: Job 120: Paper $ 650 Job 121: Paper, $ 7,850 Indirect materials, $1,000 f. Wages incurred during June, $35.000. Labor time records for the month Job 120 54.750: Job 121. $18.300: Indirect labor, $11.950. g. Wages paid in June include the balance in the Wages Payable at May 31 plus 533,700 of wages incurred during June h. Depreciation on plant and equipment, $2 800. L. Manufacturing overhead allocated at the predetermined overhead allocation rate of 50% of direct labor costs 1. Jobs completed during the month Job 120 with 600 000 Large Stars at a total cost of $48,525 k. Sales on account all of Job 120 for 5130.000 1. Adjusted for overallocated or underallocated manufacturing overhead Print Done . Raw Materials Inventory subsidiary ledger Paper, $4,100; indirect materials, $2,100 Work-in-Process Inventory subsidiary ledger: Job 120, $40,750; Job 121, $0 Finished Goods Inventory subsidiary ledger: Large Stars, $9 200: Small Stars, $13,600 Print Done