Honda Corporation had beginning raw materials inventory of $34,500. During the period, the company purchased $128,000 of raw materials on account. If the ending balance in raw materials was $22,700, the amount of raw materials transferred to work in process inventory is?

Mistral Inc. reported $85,000 in net profit for the year using absorption costing.

Transactions: Dec. 3 Wrote off Langston Corporation’s past-due account as uncollectible, $645.75. M203.   9 Accepted a 90-day, 8% note from Farris Company for an extension of time on its account, $2,400.00. NR23.   18 Received cash from Storage Solutions for the maturity value of NR19, a 90-day, 9% note for $2,000.00. R455.   21 Coastal Supply dishonored NR21, a 90-day, 8% note, for $3,000.00. M245.   30 Received cash in full payment of Langston Corporation’s account, previously written off as uncollectible, $645.75. M232 and R463.       Task 1 Journalize the transactions for Miller Corporation in Questions Assets that were completed during December of the current year. Use page 12 of the general journal and page 12 of the cash receipts journal. Task 2 Post each entry to the general ledger and to the customer accounts in the accounts receivable ledger. You will not need to make entries to the Item columns of the ledgers. Task 3 Continue to…