College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN: 9781305666160
Author: James A. Heintz, Robert W. Parry
Publisher: Cengage Learning
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Chapter 26, Problem 8SPA

JOURNAL ENTRIES FOR MATERIAL, LABOR, AND OVERHEAD Eto Manufacturing had the following transactions during the month:

  1. (a) Purchased raw materials on account, $70,000.
  2. (b) Issued direct materials to Job No. 300, $25,000.
  3. (c) Issued indirect materials to production, $10,000.
  4. (d) Paid biweekly payroll and charged direct labor to Job No. 300, $8,000.
  5. (e) Paid biweekly payroll and charged indirect labor to production, $3,000.
  6. (f) Issued direct materials to Job No. 301, $20,000.
  7. (g) Issued indirect materials to production, $4,000.
  8. (h) Paid miscellaneous factory overhead charges, $6,000.
  9. (i) Paid biweekly payroll and charged direct labor to Job No. 301, $10,000.
  10. (j) Paid biweekly payroll and charged indirect labor to production, $2,000.

REQUIRED

Prepare general journal entries for transactions (a) through (j).

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College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

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How JOURNAL ENTRIES Work (in Accounting); Author: Accounting Stuff;https://www.youtube.com/watch?v=Y-_Q3rANyxU;License: Standard Youtube License