Chapter 16 Exercises

Chapter 16 Exercises - E16-16(20-25 min Journal Entry Date...

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Unformatted text preview: E16-16 (20-25 min) Journal Entry Date Accounts a. website expense website payable website payable cash b. manufactuing wages wages payable wages payable cash c. materials inventory Debit Credit 2,100 2100 2,100 2,100 17,000 17000 17,000 17,000 15,000 accounts payable 15,000 d. work in process inventory manufacturing overhead materials inventory 9,000 1,500 e. work in process inventory manufacturing overhead 9,350 7,650 manufactuing wages f. manufacturing overhead depreciation plant insurance payable property tax payabl g. work in process inventory manufacturing overhead h. finished goods inventory work in process inventory 10,500 17,000 16,100 11,000 1,000 4,100 27,200 27,200 32,000 32,000 i. Accounts receivable sales revenues 24,000 i. cost of goods sold finished goods inventory 16,000 24,000 16,000 E16-18 (15-20 min) Req. 1 Work in process inventory April 1 Bal. Direct materials used Direct labor assigned to jobs Manufacturing overhead allocated to jobs 18,000 29,000 31,000 9,000 87,000 15,000 Req. 2 Journal Entry Accounts Debit Credit Debit Credit Req. 3 Journal Entry Accounts Req. 4 Gross profit 37,000 35,000 72,000 E16-22(15-20 min) Req. 1 9348.8 Req. 2 Req. 3 Journal Entry Date Accounts Debit Credit P16-24A (25-35 min) Req. 1 Req. 2 Huntley Manufacturing Computation of Work in process inventory, Finished goods inventory, and Cost of goods sold For November and December Date (a) Work in process inventory Job Cost (b) Finished goods inventory Job Cost (c) Cost of goods sold Job Cost November 30: Total Total Total Total Total December 31: Total Req. 3 Journal Entry Date November December Accounts Debit Credit Req. 4 Journal Entry Date Req. 5 Gross Profit Accounts Debit Credit ...
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Chapter 16 Exercises - E16-16(20-25 min Journal Entry Date...

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