Solved Questions

A partial work sheet for Milnor Company is shown below. Problem 27-8B Data for adjusting the accounts are as follows: (a) Factory overhead to be applied to work in process ending inventory $4,400 (b) Interest receivable 190 (c) Interest payable 1,420 (d) Estimate of uncollectible accounts, based on ...

Woods Company's trial balance columns from its work sheet are shown below. Data for adjusting the accounts are as follows: Problem 27-6B (a) Factory overhead to be applied to work in process ending inventory $ 4,300 (b) Interest receivable 100 (c) Interest payable 700 (d) Estimate of uncollectible a...

Prepare reversing journal entries for Hendrix Company on January 1, 20-2. The following year-end adjustments were made: 20-1 Dec. 31 Interest Receivable 230  Interest Revenue 230 31 Interest Expense 875  Interest Payable 875 31 Work in Process Inventory 4,250  Factory Overhead 4,250

Prepare the December 31 adjusting journal entries for Ortiz Company. Data for the end of the year adjustments are as follows: Factory overhead to be applied to work in process ending inventory $7,780 Interest receivable 435 Provision for uncollectible accounts 3,876 Office supplies consumed 750 Fact...

Prepare closing journal entries for Armour Company for the year ended December 31. Data for the closing entries are as follows: Factory overhead, debit and credit balance $186,250 Sales for the year 930,600 Interest revenue 920 Cost of goods sold 710,500 Salaries expense 98,100 Office supplies expen...