Current Attempt in ProgressDuring January, its first month of operations, Cullumber Company accumulated the following manufacturing costs: raw materialspurchased $5,100 on account, factory labor incurred $7,500, and factory utilities payable $2.900Prepare separate Journal entries for each type of manufacturing cont. (List all debit entries before credit entries. Credit account titles areautomatically indented when amount is entered. Do not indent manually)Date Account Titles and ExplanationJan. 313131(To record purchase of raw materials on account)(To record factory labor costs)(To record entry for utbies payable)DebitCredit00000

Current Attempt in Progress During January, its first month of operations, Cullumber Company accumulated the following manufacturing costs raw materials purchased $5,100 on account, factory labor incurred $7,500, and factory utilities payable $2.900 Prepare separate Journal entries for each type of manufacturing cost. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation 31 31 (To record purchase of raw materials on account) (To record factory labor costs) (To record entry for utilities payable) Debit Credit

Current Attempt in Progress During January, its first month of operations, Cullumber Company accumulated the following manufacturing costs raw materials purchased $5,100 on account, factory labor incurred $7,500, and factory utilities payable $2.900 Prepare separate Journal entries for each type of manufacturing cost. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation 31 31 (To record purchase of raw materials on account) (To record factory labor costs) (To record entry for utilities payable) Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Goldenrod Company makes artificial flowers and reports the following data for the month: Purchases of materials, on account $ 51,000Materials requisitions: Direct materials 42,300 Indirect materials 500Labor incurred (not yet paid): Direct labor 20,300 Indirect labor 1,340Journalize the entries relating to materials and labor.
Journalize the following transactions for Becah's Bakery: Becah's Bakery a. Incurred and paid Website expenses, $2,820. b. Incurred manufacturing wages of $10,600, of which 70% was for direct labor and 30% of which was for indirect labor. c. Purchased raw materials on account, $19,430. d. Used in production: direct materials, $8,070; indirect materials $3,800. e. Recorded manufacturing overhead: depreciation on plant, $14,140; plant insurance (previously paid), $1,410; plant property tax, $3,900 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. g. Completed production on jobs with costs of $36,650. h. Sold inventory on account, $26,780; cost of goods sold, $12,620. i. Adjusted for overallocated or underallocated overhead.
Accounting hw need help
Completing and selling products Lincoln Company completed jobs that cost $38,000 to produce. In the same period’ the company sold jobs for $88,000 that cost $342,000 to produce. Prepare the journal entries for the completion and sales of the jobs. All sales are on account.
Jenniter Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. Prepare journal entries to record the following transactions during the month of June. by drogging and dropping the oppropriate accounts: Transaction Debit Credit Purchosed raw materials for $20.000 on account $8.000 of airect materials were requisitioned by production Pala factory utilities of $2.100 Incurred $108.000 of assembly line labor wages Alocated manufacturing overhead to production based on o predeterminea overhead rate of $7 per airect labor hour woriced. Goods costing $18.000 were completed in the factory and were transferred to nished goods. Row materiais inventory Accounts payable Work in process inventory Raw materiais inventory Manufacturing overhead control Cosh Work in process inventory Wages payable Work in process inventory Activate Windows Manutacturing overhead alocated Finished goods inventory Work in process inventory Go to Settings to activate Window
Journalize the following transactions for Becah's Bakery: Becah's Bakery a. Incurred and paid Website expenses, $2,650. b. Incurred manufacturing wages of $9,800, of which 80% was for direct labor and 20% of which was for indirect labor. c. Purchased raw materials on account, $18,930. d. Used in production: direct materials, $7,980; indirect materials $3,600. e. Recorded manufacturing overhead: depreciation on plant, $14,740; plant insurance (previously paid), $1,430; plant property tax, $3,630 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. g. Completed production on jobs with costs of $35,980. h. Sold inventory on account, $25,110; cost of goods sold, $12,240. i. Adjusted for overallocated or underallocated overhead.
Journalize the following transactions for Becah's Bakery:Becah's Bakery a. Incurred and paid Website expenses, $2,790. b. Incurred manufacturing wages of $10,600, of which 60% was for direct labor and 40% of which was for indirect labor. c. Purchased raw materials on account, $18,370. d. Used in production: direct materials, $8,040; indirect materials $3,650. e. Recorded manufacturing overhead: depreciation on plant, $14,410; plant insurance (previously paid), $1,370; plant property tax, $3,750 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. g. Completed production on jobs with costs of $36,960. h. Sold inventory on account, $25,690; cost of goods sold, $11,380. i. Adjusted for overallocated or underallocated overhead. Journal Date Description Debit Credit a. a. b. b. b. c. c. d. d. d. e. e.…
Vinubhai
Journalize the following transactions for Becah's Bakery: Becah's Bakery a. Incurred and paid Website expenses, $2,650. b. Incurred manufacturing wages of $9,800, of which 80% was for direct labor and 20% of which was for indirect labor. c. Purchased raw materials on account, $18,930. d. Used in production: direct materials, $7,980; indirect materials $3,600. e. Recorded manufacturing overhead: depreciation on plant, $14,740; plant insurance (previously paid), $1,430; plant property tax, $3,630 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. g. Completed production on jobs with costs of $35,980. h. Sold inventory on account, $25,110; cost of goods sold, $12,240. i. Adjusted for overallocated or underallocated overhead.
Day June 30 has 4 lines, thank you
Please do not give solution in image format thanku
Please do not give solution in image format thanku