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xxMikexx [17]
3 years ago
6

During January, its first month of operations, Knox Company accumulated the following manufacturing costs: raw materials $5, 310

on account, factory labor $7, 010 of which $5, 673 relates to factory wages payable and $1, 337 relates to payroll taxes payable, and utilities payable $2, 130. During January, time tickets show that the factory labor of $7, 010 was used as follows: Job 1 $2, 314, Job 2 $1, 733, Job 3 $1, 529, and general factory use $1, 434. Prepare a summary journal entry to record factory labor used. In January, Knox Company requisitions raw materials for production as follows: Job 1 $926, Job 2 $1, 730, Job 3 $777, and general factory use $701.

Business
1 answer:
mariarad [96]3 years ago
7 0

Answer:

See the attached picture for detailed answer.

Explanation:

See the attached picture for explanation.

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\huge\red{answer}

DEBIT TO ALLOWANCE for Doubtful Accounts and a credit to Accounts Receivable.

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