You are watching: Which of the following assessments of electronic retailing is most accurate?
IgorC <24>1 year ago
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Barkatorium pet Supplies established a heat of credit v its local bank and used (borrowed) $95,000 versus it to acquisition its
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11 month ago
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1 year ago
Journalize the 4476mountvernon.comtries to record the adhering to summarized operations related to manufacturing for a company using a job order expense
Raw materials 176,000 debit
Account Pa4476mountvernon.comble 176,000 credit
Factory Overehad 2,700 debit
WIP 153,700 debit
Raw products 156,400 credit
Factory Overehad 12,000 debit
WIP 141,300 debit
wages Pa4476mountvernon.comble 153,300 credit
Factory Overhead 37,000 debit
acc dep- equipm4476mountvernon.comt 37,000 credit
Factory Overhead 6,100 debit
prepaid 6,100 credit
Factory Overhead 76,000 debit
account pa4476mountvernon.comble 76,000 credit
WIP 105,300 debit
manufacturing facility Overhead 105,300 credit
Finished goods 415,300 debit
WIP 415,300 credit
Account receivables 638,000 debit
Sales Rev4476mountvernon.comue 638,000 credit
COGS 412,000 debit
Finished items 412,000 credit
Much the these space self-explanatory
The straight materials and also labor used to produciton orders get in WIP
he applied overhead goes right into WIP too.
Th4476mountvernon.com, for other manufacturing cost we write-up into the debit next of manufacturing overhead. This way; we can later specify the subapplication or overapplication of manufacturing overhead.
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The finished products are debited and also WIP attributed to repres4476mountvernon.comt the transport to perfect goods.