Journalize the following transactions for Flores' Benches. Explanations are not required. i (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,100. Date a. Accounts Debit Credit More info a. Incurred and paid Web site expenses, $2,100. b. Incurred manufacturing wages of $20,000, 55% of which was direct labor and 45% of which was indirect labor. c. Purchased raw materials on account, $19,000. d. Used in production: direct materials, $7,000; indirect materials, $2,500. e. Recorded manufacturing overhead: depreciation on plant, $10,000; plant insurance (previously paid), $1,200; plant property tax, $3,600 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 160% of direct labor costs. g. Completed production on jobs with costs of $34,000. h. Sold inventory on account, $30,000; cost of goods sold, $10,000. i. Adjusted for overallocated or underallocated overhead. Print Done - X

Journalize the following transactions for Flores' Benches. Explanations are not required. i (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,100. Date a. Accounts Debit Credit More info a. Incurred and paid Web site expenses, $2,100. b. Incurred manufacturing wages of $20,000, 55% of which was direct labor and 45% of which was indirect labor. c. Purchased raw materials on account, $19,000. d. Used in production: direct materials, $7,000; indirect materials, $2,500. e. Recorded manufacturing overhead: depreciation on plant, $10,000; plant insurance (previously paid), $1,200; plant property tax, $3,600 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 160% of direct labor costs. g. Completed production on jobs with costs of $34,000. h. Sold inventory on account, $30,000; cost of goods sold, $10,000. i. Adjusted for overallocated or underallocated overhead. Print Done - X

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Description: Journalize the following transactions for Flores' Benches. Explanations are not required.(Click the icon to view the transactions.)(Record debits first, then credits. Exclude explanations from any journal entries.)a. Incurred and paid Web site expen

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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