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McGrew_MBA 733 Case 6-1

McGrew_MBA 733 Case 6-1 - Trish McGrew Case 6-1 T-ACCOUNTS...

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Trish McGrew Case 6-1 Finished Goods Inventory Depreciation, Plant Interest E 257,040 1,806,624 140,400 38,400 1,901,952 2,158,992 1,806,624 Social Security Taxes Income Tax 352,368 49,200 58,000 Work in Process Inventory Taxes and Insurance, Cas 172,200 1,901,952 Factory 118,440 811,000 52,800 264,000 1,129,200 2,604,000 2,112,400 1,901,952 Supplies Expense 210,448 61,200 Materials Sales 110,520 811,000 2,562,000 825,000 935,520 811,000 Sales Returns 124,520 And Allowances 2,986,440 19,200 2,986,440 Direct Manufacturing Labor Sales Discounts Accounts Re 492,000 49,200 311,760 2,562,000 Indirect Manufacturing Cost of Goods Sold Labor 1,806,624 2,873,760 198,000 2,873,760 Selling & Administrative Power, Heat, & Light Expense 135,600 522,000 T-ACCOUNTS:
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Supplies Notes Payable 17,280 61,200 288,840 66,000 264,000 83,280 61,200 552,840 22,080 Income Taxes Payable Prepaid Taxes & Insurance 9,000 9,000 66,720 52,800 5,800 78,000 9,000 14,800 144,720 52,800 5,800 91,920 Capital Stock Plant & Equipment 1,512,000 2,678,400 144,000 Retained Earnings 2,822,400 36,000 829,560 68,576 Accumulated Depreciation, 36,000 898,136 Plant & Equipment 862,136 907,200 140,400 1,047,600 Accounts Payable 788,400 185,760 825,000 66,000 788,400 1,076,760 288,360
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Expense x Expense sh 144,000 78,000 492,000 198,000 49,200 135,600 522,000 38,400 788,400 9,000 36,000 52,200 2,542,800 eceivables 19,200 49,200 2,604,000 2,672,400
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2009 2010 INC/DEC ASSETS: Cash and marketable securities $118,440 $443,640 INCREASE Accounts receivable $311,760 $201,360 DECREASE Materials $110,520 $124,520 INCREASE Work in process $172,200 $210,448 INCREASE Finished goods $257,040 $352,368 INCREASE Supplies $17,280 $22,080 INCREASE
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