Sales

Credit $ 2,614,732.00
sales returns and allowances $ 12,438.00
Sales Discounts $ 26,790.00
Purchase
Asset
Cash
manufacturing plant and equipment $ 250,890.00
prepaid manufacturing taxes and insuranc $ 94,000.00
Accounts payable
Materials $ 625,600.00
supplies $ 37,800.00
Services(mat to wip)
Cash
direct manufaturing labor $ 632,200.00
indirect manufacturing labor $ 163,400.00
social security taxes on labor $ 27,690.00
power, heat & light $ 176,900.00
selling & admin services $ 622,000.00
 AMDG

Transaction
1
1
1
1
1
2a
2a
2a
2a
2a
2a
2b
2b
2b
2b
2c
2c
3
3
3
3
3
3
3
3
4
4
5
5
6a
6a
6b
6b
7
7
8a
8a
8b
8b
9
9
9
10
10
10
10
Accounts
Accounts Receivable
Sales
Sales discounts
Sales returns and allowances
Accounts Receivable
manufacturing plant and equipment
prepaid manufacturing taxes and insurance
Cash
materials
supplies
Accounts payable
Work in Process Inventory
Cash
Manufacturing overhead cost
Cash
Selling and administrative expense
Cash
Manufacturing overhead cost
accumulated depreciation- manufacturing plant and equipment
supplies
prepaid manufacturing taxes and insurance
Work in Process Inventory
materials
Work in Process Inventory
Manufacturing overhead cost
Finished Goods Inventory
Work in Process Inventory
Cost of Goods Sold
Finished Goods Inventory
Cash
Notes Payable
Interest expense
Cash
Cash
Accounts Receivable
Accounts payable
Cash
Income tax payable
Cash
Income tax expense
Cash
Income tax payable
Dividends
Cash
Retained Earnings
Dividends

ajshks
Debit Credit
$ 2,614,732.00
$ 2,614,732.00 *to record transactions on credit
$ 26,790.00
$ 12,438.00
$ 39,228.00 *to record sales returns & discounts made by the costumer and
$ 250,890.00
$ 94,000.00
$ 344,890.00 *to record purchase of equipment and prepaid expenses
$ 625,600.00
$ 37,800.00
$ 663,400.00 *to record purchase of materials and supplies
$ 632,200.00
$ 632,200.00 *to record the use of direct manufacturing labor cost=$632,20
$ 367,990.00
$ 367,990.00 *to record the use of indirect labor =163,400; social security ta
$ 622,000.00
$ 622,000.00 *to record the selling and administrative expenses
$ 279,235.00
$ 190,200.00
$ 26,935.00
$ 62,100.00 *to record incurrence of manufacturing cost
$ 617,000.00
$ 617,000.00 * to record the use of direct material
$ 647,225.00
$ 647,225.00 *to record application of mfg overhead
$ 1,801,742.00
$ 1,801,742.00 *to record the completion of production
$ 1,705,820.00
$ 1,705,820.00 *to record the goods sold to customers
$ 369,000.00
$ 369,000.00 *to record the money borrowed in the bank
$ 48,400.00
$ 48,400.00 *to record the interest payed
$ 2,254,280.00
$ 2,254,280.00 *to record the cashreipts from costumer
$ 588,400.00
$ 588,400.00 *to record payment paid for accounts payable
$ 24,000.00
$ 24,000.00 *to record payment for income tax payable of 2015
$ 95,000.00
$ 75,660.00
$ 19,340.00 * to record income tax payable for 2016
$ 60,000.00
$ 60,000.00
$ 60,000.00
$ 60,000.00 *to record the declared dividends that were paid by cash
s made by the costumer and sales discounts

and prepaid expenses

nd supplies

acturing labor cost=$632,200

=163,400; social security taxes=$27,690; utilities=$176,900

rative expenses

uring cost

nts payable

payable of 2015
that were paid by cash
Transaction