1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ipn [44]
3 years ago
9

Matching Question Match the following activities to their effect on the general ledger accounts. Allocate indirect labor Allocat

e indirect labor drop zone empty. Pay factory property tax Pay factory property tax drop zone empty. Purchase materials Purchase materials drop zone empty. Use direct materials Use direct materials drop zone empty. Complete job Complete job drop zone empty. Sold job Sold job drop zone empty. Credit Finished Goods Inventory Debit Raw Materials Inventory Debit Factory Overhead Credit Factory Wages Payable Debit Finished Goods Inventory Credit Raw Materials Inventory
Business
1 answer:
Zepler [3.9K]3 years ago
5 0

Answer:

Activities                         General Ledger accounts

Allocate indirect labor         <em>Credit Factory wages payable</em>

Pay factory property tax      <em>Debit Factory Overheads</em>

Purchase materials              <em>Debit Raw material inventory</em>

Use direct materials            <em>Credit Raw material inventory</em>

Complete job                       <em>Debit Raw material inventory</em>

Deliver job                            <em>Credit Raw material inventory</em>

<em></em>

You might be interested in
Once the BAL has peaked and started to go down, people who have been drinking believe they are much more ____________ than they
sesenic [268]
Once the BAL has peaked and started to go down, people who have been drinking believe that they are much more sober than they really are.

They tend to think that since they already are sober, they gain the normal use of their faculties and become more alert. They do not realize that the presence of alcohol in their system is still making them impaired and careless.
4 0
3 years ago
Sunk costs and decision making Rajiv has plans to go to a play and already has a $50 nonrefundable, nonexchangeable, and nontran
NikAS [45]

Answer: b.Correctly ignored a sunk cost

Explanation:

Sunk costs are those that are already incurred and should not have any influence on the decision to be made.

The cost of the ticket to the play has already been incurred and could not be sold, exchanged or transferred so was a sunk cost. By going to the concert with Simone, Ravi decided to ignore a sunk cost and he was correct to do so.

3 0
3 years ago
Elston Company compiled the following information as of December 31, 2014:Service Revenue $700,000Common Stock $150,000Equipment
Elden [556K]

Answer:

The Elston's stockholders' equity on December 31, 2014 is $550,000

Explanation:

For computing the stockholder equity, first, we have to find out the ending retained earning balance which equals to

= Beginning retained earning balance + Net income - dividend paid

= $375,000 + $75,000 - $50,000

= $400,000

where,

Net income = Service revenue - operating expenses

                   = $700,000 - $625,000

                   = $75,000

Now the stockholder equity equals to

= Common stock + ending balance of retained earning

= $150,000 + $400,000

= $550,000

6 0
3 years ago
The accumulated depreciation account is a permanent account. <br> a. True <br> b. False
aleksley [76]
Depreciation Expense is a temporary account since it is an income statement account.
Therefore, the answer is
b . False
4 0
3 years ago
Read 2 more answers
Who has the final say in matters of public policy about health actions? A. Administrator of the facility B. Families C. Public h
Harrizon [31]
<span>Who has the final say in matters of public policy about health actions? Public health officer. The public health officer is in charge of making sure all health regulations and potential threats are taken care of. It is important to maintain public health and prevent diseases from happening. </span>
4 0
3 years ago
Other questions:
  • Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its ave
    8·1 answer
  • One result of asymmetric information about people's ability to repay a loan is that: a bank could make many loans to people who
    5·1 answer
  • Steady As She Goes Inc. will pay a year-end dividend of $3.40 per share. Investors expect the dividend to grow at a rate of 5% i
    13·1 answer
  • Eve's Apples opened for business on January 1, 2018, and paid for two insurance policies effective that date. The liability poli
    13·1 answer
  • The transportation model, when applied to location analysis: maximizes revenues. minimizes total fixed costs. minimizes total pr
    10·1 answer
  • Supply base rationalization:A. explains why a particular supplier has been chosen for a particular requirement.B. is an attempt
    6·1 answer
  • What will happen to your credit score if you do not manage your debt wisely?
    15·2 answers
  • Which of the following acts was passed to help fund the Union's war efforts during the American Civil War?
    10·1 answer
  • On January 1, 2021, Green Co. recorded a right-of-use asset of $139,900 in an operating lease. The lease calls for ten annual pa
    15·1 answer
  • The management, creation, and study of money, investments, and other financial instruments is known as
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!