Explanation Journal Entry : The recording of journal entries is the first step of accounting process. It is recorded from the information at very first level. A summarized narration is included to provide details of the accounting transaction being recorded. Debit and credit columns are maintained with the amount to be recorded. Showing Journal entries recording: General journal Sr. No. Particulars Debit Credit (a) Raw materials $9,000 Account payable $9,000 (Being raw materials purchased on account recorded) (b) Work in process inventory-Assembly Department $4,100 Work in process inventory-Finishing Department $2,000 Raw Materials $6,100 (Being raw materials transferred to work-in-process Assembly Department and Finishing Department recorded) (c) Work in process inventory- Assembly Department $10,200 Wages $10,200 (Being wages incurred has been recorded) Wages Bank account $10,200 (Being wages paid for Assembly Department recorded in books ) $10,200 (d) Work in process inventory-Assembly Department $11,100 Property taxes $1,900 Plant utilities $4,700 Insurance $1,300 Depreciation $3,200 (Being the amount incurred for property taxes, plant utilities, insurance and plant depreciation recorded.) (e) Work in process inventory- Assembly Department $6,900 Direct labor $4,800 Manufacturing overhead $2,100 (Being conversion cost that is direct labor and manufacturing overhead recorded) (f) Work in process inventory- Finishing Department $11,300 Direct labor $4,700 ...

4th Edition

ISBN: 9780133428377

Author: Karen W. Braun, Wendy M. Tietz

Publisher: PEARSON

See similar textbooks

Concept explainers

Process Costing

Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.

Job Costing

Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing …

ABC Costing

Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In compari…

Videos

Question

Chapter 5, Problem 5.29AE

To determine

To record: General journal.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 5, Problem 5.28AE

Chapter 5, Problem 5.30AE

Chapter 5 Solutions

Managerial Accounting (4th Edition)

Ch. 5 - Prob. 1QC Ch. 5 - 2. (Learning Objective 2) Conversion costs consist...Ch. 5 - Prob. 3QC Ch. 5 - Prob. 4QC Ch. 5 - Prob. 5QC Ch. 5 - Prob. 6QC Ch. 5 - Prob. 7QC Ch. 5 - Prob. 8QC Ch. 5 - Prob. 9QC Ch. 5 - Prob. 10QC

Ch. 5 - Prob. 5.1SE Ch. 5 - Prob. 5.2SE Ch. 5 - Prob. 5.3SE Ch. 5 - Prob. 5.4SE Ch. 5 - Prob. 5.5SE Ch. 5 - Prob. 5.6SE Ch. 5 - Prob. 5.7SE Ch. 5 - Prob. 5.8SE Ch. 5 - Prob. 5.9SE Ch. 5 - Prob. 5.10SE Ch. 5 - Prob. 5.11SE Ch. 5 - Prob. 5.12SE Ch. 5 - Prob. 5.13SE Ch. 5 - Prob. 5.14SE Ch. 5 - Prob. 5.15SE Ch. 5 - Prob. 5.16SE Ch. 5 - Prob. 5.17SE Ch. 5 - Prob. 5.18SE Ch. 5 - Prob. 5.19SE Ch. 5 - Prob. 5.20SE Ch. 5 - Prob. 5.21SE Ch. 5 - Prob. 5.22SE Ch. 5 - Prob. 5.23SE Ch. 5 - Prob. 5.24AE Ch. 5 - Prob. 5.25AE Ch. 5 - Prob. 5.26AE Ch. 5 - Prob. 5.27AE Ch. 5 - Prob. 5.28AE Ch. 5 - Prob. 5.29AE Ch. 5 - Prob. 5.30AE Ch. 5 - Prob. 5.31AE Ch. 5 - Prob. 5.32AE Ch. 5 - Prob. 5.33AE Ch. 5 - Prob. 5.34AE Ch. 5 - Prob. 5.35AE Ch. 5 - Prob. 5.36BE Ch. 5 - E5-37B Summarize physical units and compute...Ch. 5 - Prob. 5.38BE Ch. 5 - Prob. 5.39BE Ch. 5 - Prob. 5.40BE Ch. 5 - Prob. 5.41BE Ch. 5 - Prob. 5.42BE Ch. 5 - Prob. 5.43BE Ch. 5 - Prob. 5.44BE Ch. 5 - Prob. 5.45BE Ch. 5 - Prob. 5.46BE Ch. 5 - Prob. 5.47BE Ch. 5 - Prob. 5.48AP Ch. 5 - Prob. 5.49AP Ch. 5 - Prob. 5.50AP Ch. 5 - P5-51A Prepare a production cost report and...Ch. 5 - Prob. 5.52AP Ch. 5 - Prob. 5.53BP Ch. 5 - P5-54B Process costing in a first department...Ch. 5 - Prob. 5.55BP Ch. 5 - P5-56B Prepare a production cost report and...Ch. 5 - Prob. 5.57BP Ch. 5 - Discussion Questions 1. What characteristics of...Ch. 5 - Prob. 5.59ACT Ch. 5 - A5-60 Ethics and physical inventory counts...Ch. 5 - Process costing and hybrid costing issues...

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Recommended textbooks for you

FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education

FINANCIAL ACCOUNTING

Accounting

ISBN:9781259964947

Author:Libby

Publisher:MCG

Accounting

ISBN:9781337272094

Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:Cengage Learning,

Accounting Information Systems

Accounting

ISBN:9781337619202

Author:Hall, James A.

Publisher:Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis...

Accounting

ISBN:9780134475585

Author:Srikant M. Datar, Madhav V. Rajan

Publisher:PEARSON

Intermediate Accounting

Accounting

ISBN:9781259722660

Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:9781259726705

Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:McGraw-Hill Education

SEE MORE TEXTBOOKS

Cost Accounting - Definition, Purpose, Types, How it Works?; Author: WallStreetMojo;https://www.youtube.com/watch?v=AwrwUf8vYEY;License: Standard YouTube License, CC-BY