United Corporation recorded the following transactions for February 2019: a February 1: $74,000 in raw materials were purchased on account. b February 7:563,000 in raw materials were requisitioned for use in production as direct materials c. February 8: $7,000 of raw materials were used as indirect materials. d. February 12: Total labor wages of $97,000 were incurred for direct labor e. February 15: Labor wages of $13.000 were incurred for indirect labor. 1. February 21: Additional manufacturing overhead costs of $180,000 were incurred. All of these costs will be paid in the future. Record the above transactions in United Corporation's journal. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (.o., January 15 would be 15/Jan). Dato General Journal Account/Explanation Pace G2 PR Debit Credit

United Corporation recorded the following transactions for February 2019: a February 1: $74,000 in raw materials were purchased on account. b February 7:563,000 in raw materials were requisitioned for use in production as direct materials c. February 8: $7,000 of raw materials were used as indirect materials. d. February 12: Total labor wages of $97,000 were incurred for direct labor e. February 15: Labor wages of $13.000 were incurred for indirect labor. 1. February 21: Additional manufacturing overhead costs of $180,000 were incurred. All of these costs will be paid in the future. Record the above transactions in United Corporation's journal. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (.o., January 15 would be 15/Jan). Dato General Journal Account/Explanation Pace G2 PR Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

United Corporation recorded the following transactions for February 2019:
a. February 1: $74,000 in raw materials were purchased on account.
b. February 7: $63,000 in raw materials were requisitioned for use in production as direct materials
c. February 8: $7,000 of raw materials were used as indirect materials.
d. February 12: Total labor wages of $97,000 were incurred for direct labor
e. February 15: Labor wages of $13.000 were incurred for indirect labor.
1. February 21: Additional manufacturing overhead costs of $180,000 were incurred. All of these costs will be paid in the future.
Record the above transactions in United Corporation's journal. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the
format dd/mmm (1.o., January 15 would be 15/Jan).
Date
+
F
+
m
11
m
F
T
General Journal
Account/Explanation
Page 02
PR Debit Credit

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