Title: The following partially completed T-accounts are for Stanford Corporation:Raw ...
Post by: inkster on Mar 30, 2023
The following partially completed T-accounts are for Stanford Corporation: Raw Materials |
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Debit | Credit |
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Balance | 7,000 | (2) | 24,000 | (1) | 19,000 | | |
Work In Process |
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Debit | Credit |
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Balance | 11,000 | (7) | ? | (2) | 15,000 | | | (4) | 18,000 | | | (6) | 31,000 | | | | | | |
Finished Goods |
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Debit | Credit |
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Balance | 18,000 | | | (7) | 62,000 | | | | 15,000 | | |
Manufacturing Overhead |
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Debit | Credit |
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(2) | 9,000 | (6) | 31,000 | (3) | 16,000 | | | (4) | 8,000 | | | (5) | 5,000 | | | | | | |
Accumulated Depreciation--Factory |
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Debit | Credit |
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| | Balance | 82,000 | | | (3) | 16,000 | | | | |
Sales Salaries Expense |
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Debit | Credit |
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(4) | 11,000 | | | | | | |
Accounts Payable |
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Debit | Credit |
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| | Balance | | | | (1) | 19,000 | | | (5) | 5,000 | | | | |
Salaries and Wages Payable |
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Debit | Credit |
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| | Balance | 7,000 | | | (4) | 37,000 | | | | |
The manufacturing overhead applied is: ▸ $24,000 ▸ $31,000 ▸ $38,000 ▸ $42,000
Title: Re: The following partially completed T-accounts are for Stanford Corporation:Raw ...
Post by: chandlerdeane on Mar 30, 2023
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