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Write a General Journal by recording journal entries with information/discriptions you have to post in your General Ledger (AKA T-accounts). Total the inventory related T-accounts.
Write a "General Journal" by recording journal entries with information/discriptions you have to post in your "General Ledger" (AKA T-accounts). Total the inventory related T-accounts. (10 marks): 1) Paid $80,000 for rent/heat, and other indirect costs. 2) Paid labour for manufacturing of $20,000 for all jobs manufactured during the year. 3) Used $50,000 in materials for all jobs during the year. 4) $75,000 was allocated to jobs completed during the year. 5) Record the movement of now finished goods from WIP manufacturing this year. 6) The year is complete, sales were $200,000
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