How would you prepare journal entries for the following:
A. ultility bill for factory $15,000
B. cost of salaries and wages- direct labor $150,000/ indirect labor $48000/ selling and administrative $125,000
c. rent for building $100,000 (80% factory, 20% selling and administrative)
2007-10-20 07:26:40 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
A. ultility bill for factory $15,000
Dr Utilities - factory 15,000
Cr Cash/Utilities payable 15,000
B. cost of salaries and wages- direct labor $150,000/ indirect labor $48000/ selling and administrative $125,000
Dr Salaries & wages - factory 150,000
Dr Salaries & wages - Mfg overhead 48,000
Dr Salaries & wages - selling & admin 125,000
Cr Cash/Salaries payable 323,000
c. rent for building $100,000 (80% factory, 20% selling and administrative)
Dr Rent - factory 80,000
Dr Rent - selling & admin 20,000
Cr Cash/Rent payable 100,000
2007-10-21 02:47:52 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
These are really easy questions. You should be able to figure these out in less time than it took to ask the question.
2007-10-20 14:54:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋