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During the current month, a company that uses job order costing incurred a monthly factory payroll of $204,500. Of this amount, $54,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet < A B Record the cost of direct labor used. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit

During the current month, a company that uses job order costing incurred a monthly factory payroll of $204,500. Of this amount, $54,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet < A B Record the cost of direct labor used. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During the current month, a company that uses job order costing incurred a monthly factory payroll of $204,500. Of this amount, $54,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet < A B Record the cost of direct labor used. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit
Transcribed Image Text:During the current month, a company that uses job order costing incurred a monthly factory payroll of $204,500. Of this amount, $54,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet < A B Record the cost of direct labor used. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit
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