During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $4,000 on account, factory labor $6,000 of which $5,200 relates to factory wages payable and $800 relates to payroll taxes payable, and factory utilities payable $2,000.Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)DateAccount Titles and ExplanationDebitCreditJan. 31enter an account title To record purchase of raw materials on account on January 31enter a debit amountenter a credit amount enter an account title To record purchase of raw materials on account on January 31enter a debit amountenter a credit amount (To record purchase of raw materials on account) 31enter an account title To record factory labor costsenter a debit amountenter a credit amount enter an account title To record factory labor costsenter a debit amountenter a credit amount enter an account title To record factory labor costsenter a debit amountenter a credit amount (To record factory labor costs) 31enter an account title To record entry for utilities payableenter a debit amountenter a credit amount enter an account title To record entry for utilities payableenter a debit amountenter a credit amount (To record entry for utilities payable) O Chapter 15 HomeworkO NWP Assessment Player UI Appli xb My Questions | bartleby+A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=a11bf2e5-0b29-4dec-aef9-3fcc594cf009#/question/5v Paused+ Chapter 15 HomeworkQuestion 6 of 15-/1 EDuring January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials$4,000 on account, factory labor $6,000 of which $5,200 relates to factory wages payable and $800 relates to payroll taxes payable,and factory utilities payable $2,000.Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount isentered. Do not indent manually.)DateAccount Titles and ExplanationDebitCreditJan. 31(To record purchase of raw materials on account)31(To record factory labor costs)31(To record entry for utilities payable)eTextbook and MediaLiet of Accounts

The Journal entry is the First And important step of recording of the Business Financial…

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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 January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $4,000 on account, factory labor $6,000 of which $5,200 relates to factory wages payable and $800 relates to payroll taxes payable, and factory utilities payable $2,000.

Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 31	enter an account title To record purchase of raw materials on account on January 31	enter a debit amount	enter a credit amount
	enter an account title To record purchase of raw materials on account on January 31	enter a debit amount	enter a credit amount
	(To record purchase of raw materials on account)
31	enter an account title To record factory labor costs	enter a debit amount	enter a credit amount
	enter an account title To record factory labor costs	enter a debit amount	enter a credit amount
	enter an account title To record factory labor costs	enter a debit amount	enter a credit amount
	(To record factory labor costs)
31	enter an account title To record entry for utilities payable	enter a debit amount	enter a credit amount
	enter an account title To record entry for utilities payable	enter a debit amount	enter a credit amount
	(To record entry for utilities payable)