Answer:
job 429 -WIP      3040 debit
job 430 -WIP      4020 debit
job 431 -WIP       4740 debit
factory overhead 900 debit
      raw materials             12,700 credit
--to record materials requisions--
job 429 -WIP      2,300 debit
job 430 -WIP      3,400 debit
job 431 -WIP       7,900 debit
factory overhead 1,310 debit
      wages payables            14,910 credit
--to record wages tickets--
job 429 -WIP      1,426 debit
job 430 -WIP      2,046 debit
job 431 -WIP       4,898 debit
      factory overhead            8,370 credit
--to record applied overhead--
Explanation:
job 429 -WIP:  2300 x 62% =  1,426
job 430 -WIP:  3400 x 62% = 2,046
job 431  -WIP:  7900 x 62% = 4,898
total overhead: 8,370
 
        
             
        
        
        
<span>In Chapter 7 bankruptcy, liquidation, the trustee sells off the debtor's assets and pays creditors. A Chapter 7 bankruptcy often turns into a Chapter 13 which is based around selling debt off to pay creditors. Selling off the assets and liquidating them gives them cash on hand to pay off what needs to be paid. </span>
        
             
        
        
        
Answer:
Loss on disposal $1,800
Explanation:
Cost of Asset            26,000
Useful life               5years
Sale proceeds       19,000
Depreciation for the year=$26,000/5=$5,200
Written Down value(WDV)=$26,000-$5,200=$20,800
Loss on Disposal= Sale proceeds-   WDV=$19,000-$20,800=$1,800  
It is assumed that depreciation is fully charged for the year on asset.                             
 
        
             
        
        
        
Answer: The options are given below:
A. $292,000
B. $267,250
C. $205,250
D. $275,250
The answer is D. $275,250
Explanation:
Net profit = 425,000 - 338,000 = $87,000
Common Stock =110,000 + 25,000	= $135000
Retained Earnings = 70,000 + 87,000 = $157000
Less: Dividend paid = -$16,750
We will calculate shareholders equity as follows:
Total shareholders' Equity = common stock + retained earnings - dividend paid
=> $135000 + $157000 - $16,750
= $275,250