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f. Wages incurred during June, $39,000. Labor time records for the month: Job 120, $3,600; Job 121, $17,000; indirect labor, $18,400 (Prepare a single journal entry Date Accounts Debit Credit f.

f. Wages incurred during June, $39,000. Labor time records for the month: Job 120, $3,600; Job 121, $17,000; indirect labor, $18,400 (Prepare a single journal entry Date Accounts Debit Credit f.

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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Question 7. Please answer in a similar format to the question so I can easily read it :) 

June transactions are summarized as foll Mighty Stars produces stars for elementary teachers to reward their students. Mighty Stars' trial balance on June 1 follows: Data Table A (Click the icon to view the transaction E (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: Read the requirements. a (Click the icon to view the balances.) Mighty Stars Trial Balance Date Accounts Debit Credit June 1, 2018 Work-in-Process Inventory 8,850 Balance е. Manufacturing Overhead 1,200 Account Title Debit Credit Raw Materials Inventory 10,050 Cash $ 14,000 Accounts Receivable 160,000 Inventories: f. Wages incurred during June, $39,000. Labor time records for the month: Job 120, $3,600; Job 121, $17,000; indirect labor, $18,400 (Prepare a single journal entry Raw Materials 6,000 Date Accounts Debit Credit Work-in-Process 40,000 f. Finished Goods 20,400 Property, Plant, and Equipment 220,000 Accumulated Depreciation $ 75,000 Accounts Payable 134,000 Wages Ravable 2600 Choose from any list or enter any number in the input fields and then click Check Answer
Transcribed Image Text:June transactions are summarized as foll Mighty Stars produces stars for elementary teachers to reward their students. Mighty Stars' trial balance on June 1 follows: Data Table A (Click the icon to view the transaction E (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: Read the requirements. a (Click the icon to view the balances.) Mighty Stars Trial Balance Date Accounts Debit Credit June 1, 2018 Work-in-Process Inventory 8,850 Balance е. Manufacturing Overhead 1,200 Account Title Debit Credit Raw Materials Inventory 10,050 Cash $ 14,000 Accounts Receivable 160,000 Inventories: f. Wages incurred during June, $39,000. Labor time records for the month: Job 120, $3,600; Job 121, $17,000; indirect labor, $18,400 (Prepare a single journal entry Raw Materials 6,000 Date Accounts Debit Credit Work-in-Process 40,000 f. Finished Goods 20,400 Property, Plant, and Equipment 220,000 Accumulated Depreciation $ 75,000 Accounts Payable 134,000 Wages Ravable 2600 Choose from any list or enter any number in the input fields and then click Check Answer
f. Wages incurred during June, $39,000. Labor time records for the month: Job 120, $3,600; Job 121, $17,000; indirect labor, $18,400 (Prepare a single journal entry Date Accounts Debit Credit f.
Transcribed Image Text:f. Wages incurred during June, $39,000. Labor time records for the month: Job 120, $3,600; Job 121, $17,000; indirect labor, $18,400 (Prepare a single journal entry Date Accounts Debit Credit f.
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