BA511-L2A2 - 1. Prepare journal entries to record the data...

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1. Prepare journal entries to record the data (a through l from your text). a. Raw materials purchased Debits Credits Raw materials 142,000 Accounts Payable 142,000 b. Raw materials requisitioned for use in production Work in Process 150,000 Raw Materials 150,000 c. Utility bills inurred in the factory Manufacturing Overhead 21,000 Accounts Payable 21,000 d. Costs for salaries and wages Work in Process 216,000 Manufacturing Overhead 90,000 Salaries Expense 145,000 Salaries and Wages Payable 451,000 e. Maintenace costs incurred in the factory Manufacturing Overhead 15,000 Accounts Payable 15,000 f. Advertising costs incurred Advertising Expense 130,000 Accounts Payable 130,000 Manufacturing Overhead 45,000 Depreciation Expense 5,000 Accumulated Depreciation 50,000 Manufacturing Overhead 72,000 Rent Expense 18,000
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BA511-L2A2 - 1. Prepare journal entries to record the data...

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