2. Prepare journal entries for December as follows: a. Prepare an entry to record the issue of materials into production and post the entry to appropriate T-accounts. (In the case of direct materials, it is not necessary to make a separate entry for each job.) Indirect materials used during December totalled $4,150. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. No Event A 1 Accounts payable No journal entry required Depreciation expense Answer is not complete. General Journal Debit Credit 86,000 16,300 b. Prepare an entry to record the incurrence of labour cost, and post the entry to appropriate T-accounts. (In the case of direct labour cost, it is not necessary to make a separate entry for each job.) Indirect labour cost totalled $8,200 for December. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Answer is not complete. No Event General Journal A 1 Cost of goods sold Accounts payable Salaries and wages payable Debit Credit 85,000

2. Prepare journal entries for December as follows: a. Prepare an entry to record the issue of materials into production and post the entry to appropriate T-accounts. (In the case of direct materials, it is not necessary to make a separate entry for each job.) Indirect materials used during December totalled $4,150. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. No Event A 1 Accounts payable No journal entry required Depreciation expense Answer is not complete. General Journal Debit Credit 86,000 16,300 b. Prepare an entry to record the incurrence of labour cost, and post the entry to appropriate T-accounts. (In the case of direct labour cost, it is not necessary to make a separate entry for each job.) Indirect labour cost totalled $8,200 for December. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Answer is not complete. No Event General Journal A 1 Cost of goods sold Accounts payable Salaries and wages payable Debit Credit 85,000

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 6SEB: JOURNAL ENTRIES FOR MATERIAL. LABOR, OVERHEAD, AND SALES Alert Enterprises had the following job...

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Accounting Question
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