
Concept Introduction:
Manufacturing Company: These companies produce goods instead of sales and purchase of acquired goods from the market. They maintain stocks of inventories at various level- raw materials, work in process and finished goods.
Ledgers: The information accumulated in journals is posted to a ledger. Ledgers are prepared for each account and the balance of each ledger is transferred to the trail balance.
Subsidiary ledgers: They are also known as sub ledgers and are used to record specific type of transactions and periodically, the balance available in these ledgers are transferred to general ledgers.
1. To Prepare: The journal entries of June month of a manufacturing concern.
2. To Prepare: T-accounts for the general ledger along with subsidiary legers for raw material, work in process and finished goods inventory.
3. To Prepare: The
4. To Prepare: The statement of cost of goods sold with the help of work in process ledger.
5. To Prepare: The income statement of Mighty Stars for the month of June

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Chapter 19 Solutions
ACCOUNTING PRINCIPLES V1 6/17 >C<
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