Purchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger Sterling Forest Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by Sterling Forest Landscaping during October are as follows: Oct. 2.   Purchased office supplies on account from Meade Co., $6,260. 5.   Purchased office equipment on account from Peach Computers Co., $9,000. 9.   Purchased office supplies on account from Executive Office Supply Co., $650. 13.   Purchased field supplies on account from Yamura Co., $7,120. 14.   Purchased field supplies on account from Omni Co., $940. 17.   Purchased field supplies on account from Yamura Co., $16,950. 24.   Purchased field supplies on account from Omni Co., $4,780. 29.   Purchased office supplies on account from Executive Office Supply Co., $420. 31.   Purchased field supplies on account from Omni Co., $6,250. Note: Posting references have been provided. Required: 1.  Insert the following balances in the general ledger as of October 1: 14 Field Supplies $12,750 15 Office Supplies 2,930 18 Office Equipment 43,000 21 Accounts Payable 10,940 After completing the recording of transactions in part 3, post the purchases journal to the accounts in the general ledger. If an amount box does not require an entry, leave it blank.

Journalize the following transactions for Becah's Bakery:Becah's Bakery a. Incurred and paid Website expenses, $2,790. b. Incurred manufacturing wages of $10,600, of which 60% was for direct labor and 40% of which was for indirect labor. c. Purchased raw materials on account, $18,370. d. Used in production: direct materials, $8,040; indirect materials $3,650. e. Recorded manufacturing overhead: depreciation on plant, $14,410; plant insurance (previously paid), $1,370; plant property tax, $3,750 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. g. Completed production on jobs with costs of $36,960. h. Sold inventory on account, $25,690; cost of goods sold, $11,380. i. Adjusted for overallocated or underallocated overhead.   Journal Date Description Debit Credit a.       a.         b.       b.       b.         c.       c.         d.       d.       d.         e.       e.…

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Mount Elliott Fixtures produces a variety of hardware products, primarily for the home construction and remodeling business. The cost accountant provides you with the following data for the year (in $000): Inventory information: Direct materials Work-in-process January 1 December 31 $ 167 223 2,931 $ 185 197 3,278 Finished goods Other information: Administrative costs Depreciation (Corporate building) For the year $ 6,904 667 Depreciation (Factory) 8,015 Depreciation (Factory machines). 14,242 Direct labor 20,267 Direct materials purchased 14,160 Indirect labor (Factory) 4,994 Indirect materials (Factory) 1,434 Property taxes (Corporate building) 155 Property taxes (Factory) 541 Selling costs 3,224 Sales revenue 71,027 Utilities (Factory) 1,512 Required: a. Prepare a cost of goods sold statement. b. Prepare an income statement. Complete this question by entering your answers in the tabs below. COGS statement Income statement Prepare a cost of goods sold statement. Note: Enter your…

Prepare journal entries to record the production activities. Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $135,600.

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A. Prepare the January income statement for a Sorensen manufacturing company

Uniq Works purchased raw materials amounting to $126,000 on account and $17,000 for cash, for a total purchase of $143,000. The materials will be used to manufacture upholstery for furniture manufacturers on a contract basis. Which of the following journal entries correctly records this transaction? OA. Finished Goods Inventory Accounts Payable B. Raw Materials Inventory Cash Accounts Payable OC. Work-in-Process Inventory Accounts Payable OD. Accounts Payable Cash- Raw Materials Inventory 143,000 143,000 143,000 126,000 17,000 143,000 17,000 126,000 143,000 143,000 1e