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Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Required 4 Prepare journal entries to record the transactions for the year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. No 1 Transaction Raw materials Accounts payable 2 b. 3 C 4 d Work in process Manufacturing overhead Raw materials General Journal Work in process Manufacturing overhead Sales commissions expense Administrative salaries expense Salaries and wages payable Manufacturing overhead Rent expense Cash c. Manufacturing overhead Accounts payable f. Advertising expence Cash |60|0 00000 Debit 161,000 Credit 161,000 124.000 20,000 144,000 159,000 66,700 29,000 45,000 319,700 13.100 3,700 * 18,800 00 08 14,000 14,000 13,000 13.000 7 g Manufacturing overhead G 17,000- Depreciation expense 7,000 - Accumulated depreciation 0 24,000 h. Work in process 60 365,700 365,700 9 i Manufacturing overhead Finished goods Work in process 30 227,000 227.000 10 j(1). Accounts receivable Sales * 520,000 520,000 11 j(2). Cost of goods sold Finished goods 217,000 217,000

Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Required 4 Prepare journal entries to record the transactions for the year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. No 1 Transaction Raw materials Accounts payable 2 b. 3 C 4 d Work in process Manufacturing overhead Raw materials General Journal Work in process Manufacturing overhead Sales commissions expense Administrative salaries expense Salaries and wages payable Manufacturing overhead Rent expense Cash c. Manufacturing overhead Accounts payable f. Advertising expence Cash |60|0 00000 Debit 161,000 Credit 161,000 124.000 20,000 144,000 159,000 66,700 29,000 45,000 319,700 13.100 3,700 * 18,800 00 08 14,000 14,000 13,000 13.000 7 g Manufacturing overhead G 17,000- Depreciation expense 7,000 - Accumulated depreciation 0 24,000 h. Work in process 60 365,700 365,700 9 i Manufacturing overhead Finished goods Work in process 30 227,000 227.000 10 j(1). Accounts receivable Sales * 520,000 520,000 11 j(2). Cost of goods sold Finished goods 217,000 217,000

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter16: Accounting For Accounts Receivable
Section: Chapter Questions
Problem 7SEA: COLLECTION OF ACCOUNT WRITTEN OFFDIRECT WRITE-OFF METHOD Comos Music Store uses the direct write-off...
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Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Required 4 Prepare journal entries to record the transactions for the year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. No 1 Transaction Raw materials Accounts payable 2 b. 3 C 4 d Work in process Manufacturing overhead Raw materials General Journal Work in process Manufacturing overhead Sales commissions expense Administrative salaries expense Salaries and wages payable Manufacturing overhead Rent expense Cash c. Manufacturing overhead Accounts payable f. Advertising expence Cash |60|0 00000 Debit 161,000 Credit 161,000 124.000 20,000 144,000 159,000 66,700 29,000 45,000 319,700 13.100 3,700 * 18,800 00 08 14,000 14,000 13,000 13.000 7 g Manufacturing overhead G 17,000- Depreciation expense 7,000 - Accumulated depreciation 0 24,000 h. Work in process 60 365,700 365,700 9 i Manufacturing overhead Finished goods Work in process 30 227,000 227.000 10 j(1). Accounts receivable Sales * 520,000 520,000 11 j(2). Cost of goods sold Finished goods 217,000 217,000
Transcribed Image Text:Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Required 4 Prepare journal entries to record the transactions for the year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. No 1 Transaction Raw materials Accounts payable 2 b. 3 C 4 d Work in process Manufacturing overhead Raw materials General Journal Work in process Manufacturing overhead Sales commissions expense Administrative salaries expense Salaries and wages payable Manufacturing overhead Rent expense Cash c. Manufacturing overhead Accounts payable f. Advertising expence Cash |60|0 00000 Debit 161,000 Credit 161,000 124.000 20,000 144,000 159,000 66,700 29,000 45,000 319,700 13.100 3,700 * 18,800 00 08 14,000 14,000 13,000 13.000 7 g Manufacturing overhead G 17,000- Depreciation expense 7,000 - Accumulated depreciation 0 24,000 h. Work in process 60 365,700 365,700 9 i Manufacturing overhead Finished goods Work in process 30 227,000 227.000 10 j(1). Accounts receivable Sales * 520,000 520,000 11 j(2). Cost of goods sold Finished goods 217,000 217,000
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