On December 31, 20X1, the Income Statement section of the worksheet is shown below. The balance of Ally Logan’s drawing account is $28,000. INCOME STATEMENT COLUMNS ACCOUNT NAME DEBIT CREDIT Income Summary $ 59,000 $ 65,000 Sales 230,000 Sales Returns and Allowances 5,700 Interest Income 720 Purchases 83,000 Freight In 3,500 Purchases Returns and Allowances 2,500 Purchases Discounts 3,100 Sales Salaries Expense 49,000 Office Salaries Expense 19,700 Office Supplies Expense 820 Utilities Expense 4,700 Payroll Taxes Expense 2,300 Uncollectible Accounts Expense 2,400 Depr. Expense - Office Equipment 700 Totals 230,820 301,320 Net Income 70,500 $ 301,320 $ 301,320 Prepare the closing entries that should be made in the general journal.

Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold.required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.

11.     before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d   incorrect which answer is right?

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units