Explain an example of post the journal entries to the T-accounts.

Exercise 7-37 (Algo) Prorate Over- or Underapplied Overhead (LO 7-3) Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs, For Year 2, 2M estimates its manufacturing overhead to be $422,760 and its direct labor costs to be $813,000. 2M worked on three jobs for the year. Job 2M-1, which was sold during Year 2, had actual direct labor costs of $536,250. Job 2M-2, which was completed but not sold at the end of the year, had actual direct labor costs of $360,750. Job 2M-3, which is still in work-in-process inventory, had actual direct labor costs of $78,000. Actual manufacturing overhead for Year 2 was $540,400. Required: Prepare an entry to allocate over- or underapplied overhead to Work in Process, Finished Goods and Cost of Goods Sold. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

The process of transferring the debits and credits from the journal entries to the accounts is called   A. sliding   B. transposing   C. posting

How do i adjust entries for a merchanting buisness

Draw the diamond rule structure that help in recording journal entries in debit and credit columns in General Journal. Explain the structure and its parts.

in need the answer in the general journal box??

Provide the necessary journal entries using the area-of-interest method

prepare the journal entry to write off any over under

please solve this question with all steps and workings of notes to account as well following IND AS

Identified steps for proving and ruling a journal page. Be specific. Explain