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john4410 john4410
wrote...
Posts: 2
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4 years ago
Journalize the following transactions for Malone Custom Furniture Manufacturing (omit explanations):  Post the entries (Debit and Credit

a.   Incurred and paid advertising expenses.  $3,500
   Debit    Credit

      



b.   Purchased raw materials on account, $27,000
   Debit    Credit


      


      

c.   Used in production: direct materials, $12,000; indirect materials, $5,500
   Debit    Credit


      


      


d.   Sold inventory on account, $64,000: cost of goods sold, $35,000.  The company uses the perpetual inventory system.

   Debit    Credit


      

      

      




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wrote...
Educator
4 years ago
Hi john4410

Does this help: https://biology-forums.com/index.php?topic=462845.0
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