a) Prepare the journal entries
Q: Prepare a journal entri
A: Journal entries recording is the initial step in accounting process, under which atleast one account…
Q: a. Provide the Journal entries
A: Journal Entries in the books of Tuttie Bee Cargo Services For the month ended 30th November 2014…
Q: make a journal entry.
A: Step 1 Journal is the part of book keeping.
Q: complete the following journal entries
A: Journal entries recording is the first step of accounting cycle process, in which atleast one…
Q: Describe journal entries for external transactions.
A: A external transaction is a transaction which is entered by two people or two entities to exchange…
Q: fill out the following journal entries for Part 2 and provide explanations
A: The journal entries are first step to record a transaction in the accounting process. Each…
Q: Please Prepare Journal Entries
A: Journal entries recording is the first step of accounting process, in which atleast one account is…
Q: Prepare Journal Entry
A: Notes Receivables are those receivables which the company has which will be received by the company…
Q: Journalize ize
A: Journal entries ,ledgers, trial balance and financial statement are prepared to provide the…
Q: how do you format a journal entry.
A: Journal entry is the primary recording of any transaction which is entered in the financial…
Q: Analyze and review the following items and determine the appropriate journal entry.
A: Investment:- An investment is considered as the asset which is acquired with the motive to generate…
Q: e journal entries
A: Trade discount (List price * Rate of discount) = P108,000 * 15% P16,200 A Balance amount payable…
Q: Identify what special journal that is applicable for the following transactions:
A: Given: Payment received from Customer ₱10,000 Purchase made on Credit…
Q: : Provide the journal entries.
A: A journal entry is the act of keeping or making records of any transactions either economic or…
Q: structions: repare the entries in the Journal
A: Step 1 Journal is the Part of Book keeping.
Q: Journal entry?
A: Answer:
Q: How to record General journal
A: General journal is the book of original entry in which the entities record the financial…
Q: Give its Journal Entry
A: Journal entries recording is the initial step of accounting cycle process, under which atleast one…
Q: What is the journal entry of the following?
A: Answer: 1. Cash Dr P 5950 Office Supplies Cr P5950 2. Prepaid Insurance Dr…
Q: prepare journal entries
A: Journal Entry The basic process accounting is to enter the required transaction which are incurred…
Q: Journalize the entries f
A: Definition : Merchandise: Merchandise is unique to every business that sells goods which are in…
Q: how to prepare journal entries
A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…
Q: Journalize the transactions.
A: A journal is a detailed account that records all the financial transactions of a business, to be…
Q: Required: Journal entries
A: All business transactions are recorded in a journal book so that every transaction can be easily…
Q: What is reversing journal entries?
A: The journal entries are prepared to record day to day transactions on the regular basis.
Q: Journal entries?
A: Introduction: Journal entries: Recording of a business transactions in a chronological order. First…
Q: What information from this invoice would be entered in the Source Document column of the journal?…
A: Source document is a document from which information of transaction is obtained for journal entry.…
Q: 1- Record these trasections in journal. (need answer in MS word).
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: In this table please provide journalizing
A: Journal is a book in which all business transactions are recorded in the order in which they occur,…
Q: Give two examples of entires which appears in a ' Journal Proper'.
A: Journal proper: Journal proper is used to record miscellaneous transactions that which don’t find…
Q: Journalize the entries required on each date.
A: Dividends are a part of net income that is paid to the shareholder of the company in the form of a…
Q: he journal entries to
A: The recording of transactions for issue and re-purchase of stocks can be done through journal…
Q: journal entries u
A: Prepaid Expense-:A Prepaid Expense is a variety of assets for the firm which is presented on the…
Q: Use the following abbreviations to indicate the journal in which you would record tra
A: A journal is a book of primary entry where a transaction is entered for the first time. The main…
Q: Need journal entries
A: Partnership means where two or more person comes together to do some common business activity and…
Q: Prepare journal entries
A: Jan 1 Cash Dr 3,000,000 To Capital 3,000,000 Jan 2 Purchase Dr 2,000,000 To Atlas…
Q: Tollowing inrormation, prepare a general journal entry to
A: In Payroll accounting we debit the total amount payable as…
Q: prepare journal enteries
A: Income tax is defined as the payment obligation of the taxpayer earning income for each year. It is…
Q: Provide the necessary journal entries using the area-of-interest method
A:
Q: Identified steps for proving and ruling a journal page. Be specific. Explain
A: Answer:- Journal meaning:- A journal is a detailed record that documents all of a company's…
Q: Prepare all the journal entries .
A: 1)Cash account Dr ::$30,000... Bank account Dr :::$20,000 To Capital Account ::$50,000..…
Q: Record Journal Entries
A: Journal entries are those entries which a company have to record on the book of original entries.…
Q: Prepare journal entries to record the following transactions.
A: Concept introduction: Journal entry is the entry made in Journal books; it is also called books…
Q: how to fill in general journal
A: The general journal is maintained essentially on the concept of double entry system of accounting,…
Q: Prepare the journals for all transactions
A: Journal entry is the entry which is recorded on the day book whose other name is also journal book…
Q: EQUIREMENT: JOURNAL ENTRIES
A: The accounting items that is reported as financial records includes assets, liabilities,…
Q: please journalize following transactions or activity thanku
A: Refer below for the journal entries for the above transactions
Q: COMPLETE THE JOURNALIZING
A:
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- Wyandotte Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 256,900, direct labor cost was 176,000, and overhead cost was 308,400. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 6.62 is direct materials and 7.71 is overhead. What is the prime cost per unit? Conversion cost per unit?Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
- An examination of Buckhorn Fabricators records reveals the following transactions: a. On December 31, the physical inventory of raw material was 9,950 gallons. The book quantity, using the weighted average method, was 10,000 gal @ .52 per gal. b. Production returned to the storeroom materials that cost 775. c. Materials valued at 770 were charged to Factory Overhead (Repairs and Maintenance), but should have been charged to Work in Process. d. Defective material, purchased on account, was returned to the vendor. The material returned cost 234. e. Goods sold to a customer, on account, for 5,000 (cost 2,500) were returned because of a misunderstanding of the quantity ordered. The customer stated that the goods returned were in excess of the quantity needed. f. Materials requisitioned totaled 22,300, of which 2,100 represented supplies used. g. Materials purchased on account totaled 25,500. Freight on the materials purchased was 185. h. Direct materials returned to the storeroom amounted to 950. i. Scrap materials sent to the storeroom were valued at an estimated selling price of 685 and treated as a reduction in the cost of all jobs worked on during the period. j. Spoiled work sent to the storeroom valued at a sales price of 60 had production costs of 200 already charged to it. The cost of the spoilage is to be charged to the specific job worked on during the period. k. The scrap materials in (i) were sold for 685 cash. Required: Record the entries for each transaction.During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of $125,900. Overhead is applied at the rate of 75% of the direct labor cost. These are the inventory balances: Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold.During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of $125,900. Overhead Is applied at the rate of 75% of the direct labor cost. These are the inventory balances: Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold.
- A company estimated 50,000 direct labor hours and $450,000 in overhead. The actual overhead was $445,000, and there were 50,500 direct labor hours. What is the predetermined overhead rate, and how much was applied during the year?Charger Corporation has the following data for its December operations: Materials purchased on account, $ 924,000. Material requisitioned; $808,500 of which $102,900 were indirect materials. Factory labor incurred, $ 954,100, of which $133,700 was indirect labor. Other cost incurred on account for factory overhead, $ 215,950; selling expenses $342,125; and for administrative expenses $ 213,150. Insurance incurred for the month includes factory equipment, $ 45,540; delivery equipment used for selling, $ 36,050; vans used for transporting admin employees, $ 26,075. These were booked against prepaid insurance. Depreciation of office building was $ 123,375; of office equipment $ 63,210; and of factory equipment $ 42,630. Factory overhead applied (moved to Work In Process) costs $ 540,720. Products completed at the end of the month is $ 1,470,000. Cost of goods sold is $1,295,000. Required: Prepare the journal entries. Prepare T accounts for raw materials inventory, Factory Overhead,…Charger Corporation has the following data for its December operations: Materials purchased on account, $ 924,000. Material requisitioned; $808,500 of which $102,900 were indirect materials. Factory labor incurred, $ 954,100, of which $133,700 was indirect labor. Other cost incurred on account for factory overhead, $ 215,950; selling expenses $342,125; and for administrative expenses $ 213,150. Insurance incurred for the month includes factory equipment, $ 45,540; delivery equipment used for selling, $ 36,050; vans used for transporting admin employees, $ 26,075. These were booked against prepaid insurance. Depreciation of office building was $ 123,375; of office equipment $ 63,210; and of factory equipment $ 42,630. Factory overhead applied (moved to Work In Process) costs $ 540,720. Products completed at the end of the month is $ 1,470,000. Cost of goods sold is $1,295,000. Required: A. Prepare the journal entries. B. Prepare a schedule of cost of goods manufactured for December…
- Charger Corporation has the following data for its December operations: Materials purchased on account, $ 924,000. Material requisitioned; $808,500 of which $102,900 were indirect materials. Factory labor incurred, $ 954,100, of which $133,700 was indirect labor. Other cost incurred on account for factory overhead, $ 215,950; selling expenses $342,125; and for administrative expenses $ 213,150. Insurance incurred for the month includes factory equipment, $ 45,540; delivery equipment used for selling, $ 36,050; vans used for transporting admin employees, $ 26,075. These were booked against prepaid insurance. Depreciation of office building was $ 123,375; of office equipment $ 63,210; and of factory equipment PHP 42,630. Factory overhead applied (moved to Work In Process) costs $ 540,720. Products completed at the end of the month is $ 1,470,000. Cost of goods sold is $1,295,000. Required: a) Prepare the journal entries b) Prepare T accounts for raw materials inventory, Factory Overhead,…Larned Corporation recorded the following transactions for the just completed month.a. $80,000 in raw materials were purchased on account.b. $71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000 was fordirect materials and the remainder was for indirect materials.c. Total labor wages of $112,000 were incurred. Of this amount, $101,000 was for direct labor and theremainder was for indirect labor.d. Additional manufacturing overhead costs of $175,000 were incurred.Required:Record the above transactions in journal entries.Larned Corporation recorded the following transactions for the just completed month.a. $80,000 in raw materials were purchased on account.b. $71,000 in raw materials were used in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials.c. Total labor wages of $112,000 were paid in cash. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor.d. Depreciation of $175,000 was incurred on factory equipment.Required:Record the above transactions in journal entries.