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3 years ago

EB11.

Business

1 answer:

Natasha2012 [34]3 years ago

3 0

Answer:

The journal entry to record the factory wages of $25,000 incurred in the processing department is given below.

Debit Processing Department (WIP Asset) $ 25,000

Credit Factory Wage (Liability) $ 25,000

The journal entry to record the factory wages of $15,000 incurred in the production department.

Debit Production Department (WIP Asset) $ 15,000

Credit Factory Wage (Liability) $ 15,000

Please note that these work in process are asset accounts and the cost of inventory is expenses as goods are sold.

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3 years ago

Journalize the entries to record the following.

vredina [299]

Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c $1,100

To Cash A/c $1, 100

(Being the petty cash fund is established)

2. Office supplies A/c Dr $614

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The Cash short and over is computed below:

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3 years ago

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Dmitrij [34]

Answer:

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collegue: 20,000 consulting job

Explanation:

opportunity cost: cost of the best rejected project, proposal or income

income from work as a consulting job: 20,000

income from tutoring: 5,000 ( externality of travel around the world)

collegue cost of 5,000

The tutorng has an externality of travel around the world. We can measure how much Allison values that chances but it is something she will consider when picking her plan.

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Answer:

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3 years ago