Accounting Ledger Accounts Case Study Homework Help
Best UK USA UAE Australia Canada China Accounting Ledger Accounts Case Study Homework Help Service Online
Factory Ledger Accounts, Journal Entries, and Trial Balances. The Colorado Manufacturing Company has a cost accounting system using both general and factory ledgers. On December 31, 19A, after closing, the ledgers contained the following account balances
Inventory accounts are kept in the factory ledger.
During the month of January, 19B,the following transactions were completed
|Accounts Receivable||25,000||Accrued Payroll||2,250|
|Work in Process||4,500||Retained Earnings||21,250|
|Finished Goods||9,500||Factory Ledger||24,000|
(a) Materials purchased, $92,000.
(b) Sundry factory overhead incurred, $18,500.
(c) Labor was consumed as follows : for direct production, $60,500; indirect labor, $12,500; sales salaries, $8,000; administrative salaries, $5,000. Credit Accrued Payroll for total gross wages. The employer’s payroll tax cost is based on labor purchased. The state and federal unemployment insurance tax rates are 1.6% and .5%, respectively; and the employer’s PICA tax is $5,160. Of the PICA tax, $480 pertained to sales and $300 to administrative salaries.
(d) Gross payrolls totaling $75,750 were paid (10% of wages paid was withheld for income taxes, and $4,545 for PICA taxes). Debit Accrued Payroll for total gross wages of $75,750. Credit Accounts Payable for employee earnings after deductions; then record the cash payment to employees.
(e) Materials were consumed as follows: direct materials, $82,500; indirect materials, $8,300.
(f) Pactory overhead applied to production was 76% of the direct labor cost.
(g) Work finished and placed in stock cost $188,000.
(h) All but $12,000 of the finished goods were sold, terms 2/10, n/60. The markup was 30% above production cost.
(i) 80% of the accounts receivable was collected, less 2% discount.
(j) Various marketing and administrative expenses, 60% marketing, 40% administrative, incurred during the month amounted to $30,000, the credit being to Accounts Payable.
(k) The check register showed payments of accounts other than for payrolls in the amount of $104,000.
How it Works?
How it Works?
Step 1:- Want to buy solution for this. Please click on submit your assignment here and then fill all details and please mentioned product code at the end of the case. Product code is extremely important to locate your assignment. You can also mail us by keeping product code as mail subject to firstname.lastname@example.org
Step 2:- As soon as we received your details, we will inform you with through email about quotations of the given assignment. Requesting you to please mention your budget. Also ensure our email email@example.com should not go into your spam folder.
Step 3:- Once you agree with our price, click on pay now and pay the agreed amount and once we received the payment assignment will be delivered before agreed deadline.
Step 4:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
Our Features for Assignment Help Services
Plagiarism Free Solution
The first and foremost things that we promise to our customer is plagiarism free solution i.e. a complete and unique solution as per customer’s university requirements.
Excellent Customer Care Services
You can feel our responsiveness once you use our service. Our team of excellent and dedicated customer service representatives are always ready to provide best customer care service 24X7 . Just drop a mail to firstname.lastname@example.org and you can receive response in just no time.
Multiple Stage Quality Assurance
We design a unique multiple stage quality assurance team to ensure plagiarism free, original, relevant and as per customer’s requirements. We not only give importance to accurate solutions or writing but also we give equal importance to references style too.
Privacy and Confidentiality
We believe in maintaining complete privacy and confidentiality of all our clients. None of the information furnished to us is shared with anyone else.
We receive requests from clients all over the World. Most of our customers are from USA, UK, Australia, Canada, UAE, Muscat, Oman, Qatar, UAE, New-Zealand, France Germany etc.
- Accounting Homework Help
- Accounting Assignment Help
- Computer Science Homework Help
- Management Homework Help
- Finance Assignment Help
- Online Essay Writing Help
- Strategic management case study help
- Case Study Assignment Help
- Dissertation Writing Help
- Trade finance case study help
- Project Management Assignment Help
- Mechanical Engineering Homework Help
- Online Quiz Help
- Maths homework Help
- Online Exam Help
- Economics Assignment Help
- Economics Homework Help
- English Homework Help
- Macroeconomics Homework Help
- Microeconomics Homework Help
- Statistics Assignment Help
- Australia Taxation Homework Help
- Supply chain management homework help
- Taxation homework help
- USA taxation assignment help
- Advanced accounting homework help online
- Auditing homework writing help
- Human resource management homework help
- Nursing homework help online
- Psychology homework help online
- Sociology homework help online
- Ratio analysis homework help online
- Strategic Management Homework Help Online
- Mba operations management homework help
- Human resource management homework help
- Operations management homework help
(1) Set up trial balances of the general ledger and of the factory ledger as of January 1, 19B.
(2) Open general ledger and factory ledger accounts from the January 1 trial balances and record the balances.
(3) Post the January transactions directly into the ledger accounts without journal entries. Open new accounts whenever necessary.
(4) Prepare trial balances of the general ledger and the factory ledger as of January 31, 19B.
Product Code: ACC564
Looking for Accounting Ledger Accounts Case Study Homework Help , please submit your details here with product code mentioned above.