SlideShare une entreprise Scribd logo
1  sur  1
Télécharger pour lire hors ligne
Larned Corporation recorded the following transactions for the just completed month. a.
$88,000 in raw materials were purchased on account. b. $86,000 in raw materials were used in
production. Of this amount, $78,000 was for direct materials and the remainder was for indirect
materials. c. Total labor wages or $122,500 were paid in cash. Of this amount, $103,100 was for
direct labor and the remainder was for indirect labor. d. Depreciation of $199,000 was incurred
on factory equipment. Required: Record the above transactions in joumal entries. (If no entry is
required for a transaction/event, select "No journal entry required" in the first account field.)
$88,000 in raw materials were purchased on account. Note: Enter debits before credits.
$86,000 in raw materials were used in production. Of this amount, $78,000 was for direct
materials and the remainder was for indirect materials. Note: Enter debits before credits.
Total labor wages of $122,500 were paid in cash. Of this amount, $103,100 was for direct labor
and the remainder was for indirect labor. Note: Enter debits before credits.
Depreciation of $199,000 was incurred on factory equipment. Note: Enter debits before credits.

Contenu connexe

Plus de ALANKARSTEELINDUSTRI

Infection control 16. Chain of infection 17. Factors that increase ho.pdf
 Infection control 16. Chain of infection 17. Factors that increase ho.pdf Infection control 16. Chain of infection 17. Factors that increase ho.pdf
Infection control 16. Chain of infection 17. Factors that increase ho.pdf
ALANKARSTEELINDUSTRI
 
JCL Inc. Is a major chip manufacturing firm that sells its products t.pdf
 JCL Inc. Is a major chip manufacturing firm that sells its products t.pdf JCL Inc. Is a major chip manufacturing firm that sells its products t.pdf
JCL Inc. Is a major chip manufacturing firm that sells its products t.pdf
ALANKARSTEELINDUSTRI
 

Plus de ALANKARSTEELINDUSTRI (20)

In which of these circumstances is it advisable to use a POST request.pdf
 In which of these circumstances is it advisable to use a POST request.pdf In which of these circumstances is it advisable to use a POST request.pdf
In which of these circumstances is it advisable to use a POST request.pdf
 
Input instructions values should be inputted using a Standard Englis.pdf
 Input instructions values should be inputted using a Standard Englis.pdf Input instructions values should be inputted using a Standard Englis.pdf
Input instructions values should be inputted using a Standard Englis.pdf
 
Inorganic phosphorous is a naturally occurring element in all plants .pdf
 Inorganic phosphorous is a naturally occurring element in all plants .pdf Inorganic phosphorous is a naturally occurring element in all plants .pdf
Inorganic phosphorous is a naturally occurring element in all plants .pdf
 
information flows within your job. Find out 1. the chart of accounts.pdf
 information flows within your job. Find out 1. the chart of accounts.pdf information flows within your job. Find out 1. the chart of accounts.pdf
information flows within your job. Find out 1. the chart of accounts.pdf
 
Information about light in the outside world is used to tune the brai.pdf
 Information about light in the outside world is used to tune the brai.pdf Information about light in the outside world is used to tune the brai.pdf
Information about light in the outside world is used to tune the brai.pdf
 
Infection control 16. Chain of infection 17. Factors that increase ho.pdf
 Infection control 16. Chain of infection 17. Factors that increase ho.pdf Infection control 16. Chain of infection 17. Factors that increase ho.pdf
Infection control 16. Chain of infection 17. Factors that increase ho.pdf
 
In the textbook, you leamed about Hopi Hoekstra and colleagues who we.pdf
 In the textbook, you leamed about Hopi Hoekstra and colleagues who we.pdf In the textbook, you leamed about Hopi Hoekstra and colleagues who we.pdf
In the textbook, you leamed about Hopi Hoekstra and colleagues who we.pdf
 
Larger raindrops fall than smaller raindrops. slower faster Questio.pdf
 Larger raindrops fall than smaller raindrops. slower faster Questio.pdf Larger raindrops fall than smaller raindrops. slower faster Questio.pdf
Larger raindrops fall than smaller raindrops. slower faster Questio.pdf
 
L0 254 P4-41A. (Learning Objectives 2, 4 Aggregating information for.pdf
 L0 254 P4-41A. (Learning Objectives 2, 4 Aggregating information for.pdf L0 254 P4-41A. (Learning Objectives 2, 4 Aggregating information for.pdf
L0 254 P4-41A. (Learning Objectives 2, 4 Aggregating information for.pdf
 
Kozmo y Webvan eran dos servicios de entrega en l�nea que se decl.pdf
 Kozmo y Webvan eran dos servicios de entrega en l�nea que se decl.pdf Kozmo y Webvan eran dos servicios de entrega en l�nea que se decl.pdf
Kozmo y Webvan eran dos servicios de entrega en l�nea que se decl.pdf
 
Komal borrows $14,000 from her father to open her accounting practice.pdf
 Komal borrows $14,000 from her father to open her accounting practice.pdf Komal borrows $14,000 from her father to open her accounting practice.pdf
Komal borrows $14,000 from her father to open her accounting practice.pdf
 
kites at filowi Corphite pets fa) Prough (4) Trepicutily ifou in nite.pdf
 kites at filowi Corphite pets fa) Prough (4) Trepicutily ifou in nite.pdf kites at filowi Corphite pets fa) Prough (4) Trepicutily ifou in nite.pdf
kites at filowi Corphite pets fa) Prough (4) Trepicutily ifou in nite.pdf
 
Kingbird Co. has the following defined benefit pension plan balances .pdf
 Kingbird Co. has the following defined benefit pension plan balances .pdf Kingbird Co. has the following defined benefit pension plan balances .pdf
Kingbird Co. has the following defined benefit pension plan balances .pdf
 
Kara categorized her spending for this month into four categories Re.pdf
 Kara categorized her spending for this month into four categories Re.pdf Kara categorized her spending for this month into four categories Re.pdf
Kara categorized her spending for this month into four categories Re.pdf
 
Kamada CIA Japan (A). Takeshi Kamada, a foreign exchange trader .pdf
 Kamada CIA Japan (A). Takeshi Kamada, a foreign exchange trader .pdf Kamada CIA Japan (A). Takeshi Kamada, a foreign exchange trader .pdf
Kamada CIA Japan (A). Takeshi Kamada, a foreign exchange trader .pdf
 
Jouralize Be folowing bond traersacione (i) (Cack the icon to view it.pdf
 Jouralize Be folowing bond traersacione (i) (Cack the icon to view it.pdf Jouralize Be folowing bond traersacione (i) (Cack the icon to view it.pdf
Jouralize Be folowing bond traersacione (i) (Cack the icon to view it.pdf
 
JD Dorian paid $1,000 of interest on a loan that paid tuition for him.pdf
 JD Dorian paid $1,000 of interest on a loan that paid tuition for him.pdf JD Dorian paid $1,000 of interest on a loan that paid tuition for him.pdf
JD Dorian paid $1,000 of interest on a loan that paid tuition for him.pdf
 
Jenny (15 years old) is one of two beneficiaries of Trust B created.pdf
 Jenny (15 years old) is one of two beneficiaries of Trust B created.pdf Jenny (15 years old) is one of two beneficiaries of Trust B created.pdf
Jenny (15 years old) is one of two beneficiaries of Trust B created.pdf
 
JCL Inc. Is a major chip manufacturing firm that sells its products t.pdf
 JCL Inc. Is a major chip manufacturing firm that sells its products t.pdf JCL Inc. Is a major chip manufacturing firm that sells its products t.pdf
JCL Inc. Is a major chip manufacturing firm that sells its products t.pdf
 
In the register there is a prolonged open phase. A. modal; falsetto B.pdf
 In the register there is a prolonged open phase. A. modal; falsetto B.pdf In the register there is a prolonged open phase. A. modal; falsetto B.pdf
In the register there is a prolonged open phase. A. modal; falsetto B.pdf
 

Dernier

The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
Chris Hunter
 

Dernier (20)

How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17  How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17  How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 
ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
Asian American Pacific Islander Month DDSD 2024.pptx
Asian American Pacific Islander Month DDSD 2024.pptxAsian American Pacific Islander Month DDSD 2024.pptx
Asian American Pacific Islander Month DDSD 2024.pptx
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
Food Chain and Food Web (Ecosystem) EVS, B. Pharmacy 1st Year, Sem-II
Food Chain and Food Web (Ecosystem) EVS, B. Pharmacy 1st Year, Sem-IIFood Chain and Food Web (Ecosystem) EVS, B. Pharmacy 1st Year, Sem-II
Food Chain and Food Web (Ecosystem) EVS, B. Pharmacy 1st Year, Sem-II
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docx
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
Role Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptxRole Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptx
 

Larned Corporation recorded the following transactions for the just c.pdf

  • 1. Larned Corporation recorded the following transactions for the just completed month. a. $88,000 in raw materials were purchased on account. b. $86,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages or $122,500 were paid in cash. Of this amount, $103,100 was for direct labor and the remainder was for indirect labor. d. Depreciation of $199,000 was incurred on factory equipment. Required: Record the above transactions in joumal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) $88,000 in raw materials were purchased on account. Note: Enter debits before credits. $86,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. Note: Enter debits before credits. Total labor wages of $122,500 were paid in cash. Of this amount, $103,100 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits. Depreciation of $199,000 was incurred on factory equipment. Note: Enter debits before credits.