Prepare the following journal entries: 1. To record construction cost 2. To record billings 3. To record collections 4. To record revenue

TASKS Prepared supporting documents for Requested Materials to Purchase such as: (1) Purchase Request (PR), (2) Request for Quotation (RFQ), (3) Abstract for Quotation (AFQ), (4) Purchase Order (PO), & (5) Inspection and Acceptance Report (IAR). Prepared additional attachments such as: (1) Report of Waste Materials, (2) Request for pre-repair inspection and evaluation report. Issued Materials at the Warehouse (there are thousands of inventories) Posting of Purchase Requests to the Philippine Government Electronic Procurement System (PhilGEPS). (there are too many steps and details to keep in mind) Prepared Certificate of Creditable Tax Withheld at Source Updated the Summary of Withholding Taxes (SAWT) in the BIR System. Updated the Monthly Alphalist of Payees (MAP) and Quarterly Alphalist of Payees (QAP) in the BIR System. Remitted Creditable Withholding Tax (CWT) to the BIR via online.. Updated Bin Cards Updated Stock Cards. Reconciled the individual records of Inventories in the Bin…

Discuss the role of performance reports in the Responsibility Accounting process.

Current Attempt in Progress Expenses are recognized when they are billed by the supplier. O they are paid. the invoice is received. they contribute to the production of revenue.

For each of the following expenses, select the best allocation basis. A. Value of insured assets. B. Square feet of space occupied. C. Proportion of total purchase orders for each operating department. D. Number of employees in department. Maintenance department expenses of the operating departments. Payroll department expenses of all departments. Purchasing department expenses for the operating departments. Insurance expenses of all departments.

devrat

Standard cost are used primarily for:  Estimating future costs. To produce financial statements for external users. To judge the performance of accounting managers. To judge the performance of managers involved in the manufacturing process.

do all charts have to have live item that state Total Revenue?

A seller uses a perpetual inventory system, and on April 17, a customer returns $1,000 of merchandise previously purchased on credit on April 13. The seller's cost of the merchandise returned was $480. The merchandise is not defective and is restored to inventory. The seller has not yet received any cash from the customer.

A schedule set up to combine similar general ledger accounts, the total of which appears on the working trial balance as a single amount, is referred to as a:      Supporting schedule, Lead schedule, Corrobrating schedule, or Reconciling schedule