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2 years ago

Ensemble Co.

Business

1 answer:

anastassius [24]2 years ago

4 0

Answer:

Ensemble Co.

UNADJUSTED TRIAL BALANCE

ACCOUNT TITLE DEBIT CREDIT

1 Cash 42,900

2 Accounts Receivable 123,500

3 Prepaid insurance 27,000

4 Equipment 300,000

5 Accounts Payable 52,000

6 Salaries Payable 4,800

7 Common Stock 40,000

8 Retained Earnings 137,200

9 Dividends 5,000

10 Service Revenue 1,216,000

11 Salary Expense 660,000

12 Advertising Expense 275,000

13 Miscellaneous Expense 16,600

14 Totals 1,466,600 1,466,600

Explanation:

A Trial Balance is used to check for mathematical accuracy. It is a list of Debits and Credit prepared from Ledger Account.

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Answer:

The answer is:

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3 years ago

Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost

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Answer:

A.Dr Materials 504,800

Cr Account payable 504,800

B.Dr Work in process 487,300

Dr Factory overhead 4500

Cr Materials 491,800

C.Fabric Ployester filling Lumber Glue

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Explanation:

Entries for Materials Kingsford Furnishings

a) Journal entry

Fabric $96,600

Polyester filling 134,300

Lumber 264,700

Glue 9,200

Total 504,800

Dr Materials 504,800

Cr Account payable 504,800

b) Journal entry

Dr Work in process 487,300

(491,800-4500)

Dr Factory overhead 4500

Cr Materials 491,800

c) Calculation of the ending balance

Fabric Ployester filling Lumber Glue

Beginning balance

$19,100 5,700 42,800 1,800

Purchase

$96,600 134,300 264,700 9,200

Used

-$86,300 -$123,900 -$277,100 -$4,500

Ending balance

$29,400 $16,100 $30,400 $6,500

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3 years ago

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2 years ago

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Answer:

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Explanation:

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Activity rate is calculated as:

Activity cost for the period / Total cost drivers for the period

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The appropriate cost driver to allocate supporting customer activity is the number of customers as given. This is so because it is most likely that the number of customers served will be a major factor that influences the supporting customers activity costs.

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2 years ago

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Explanation:

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3 years ago

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