ACCT 5000 CHAPTER 19.docx - 1 Running Head ACCT 5000 CHAPTER 19 Name Institutional Affiliation Course ACCT 5000 CHAPTER 19 Instructor Date 2 ACCT 5000

ACCT 5000 CHAPTER 19.docx - 1 Running Head ACCT 5000...

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1Running Head: ACCT 5000 CHAPTER 19NameInstitutional AffiliationCourse: ACCT 5000 CHAPTER 19InstructorDate
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2ACCT 5000 CHAPTER 19Acct 5000Chapter 19 Handout4. On March 5, 2018, the materials department of Cards by Shannon received the following: Receiving Report No. 110 for $3,100, materials requisition for Job 22 for $200, materials requisition for Job 23 for $800, and Receiving Report No. 110 for $1,000. Preparethe journal entries to record the transactions if the company pays for the materials on account.Mar. 5Materials4,100Accounts Payable4,100Work in Process1,000Materials1,000
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3ACCT 5000 CHAPTER 199. On June 12, 2018, the materials account has a balance of $350. Michael’s Camping Supply receives the following: materials requisition for Job 81 for $120, Receiving Report No. 99 for $790, Receiving Report No. 100 for $900, and materials requisition for Job 83 for$185. Prepare the journal entries to record the transactions if the company pays for the materials on credit. Also, determine the balance of Materials at the end of the day.June 12Materials1,690Accounts Payable1,690Work in Process305Materials305Materials3501,6901,735305
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4ACCT 5000 CHAPTER 1910. During the month of June, employee time tickets at Michael’s Camping Supply provide the following information: 700 hours for Job 81, 675 hours for Job 82, and 500 hours for Job 83. Workers are paid $9 for every hour worked. Prepare the journal entries required asof the end of the month.
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