help pls Schmidt Company had the following transactions in October:...
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Schmidt Company had the following transactions in October: (i) (Click the icon to view the transactions.) Prepare the journal entries for Schmidt Company. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. Purchased raw materials on account, $50,000 Schmidt Company had the following transactions in October. (Click the icon to view the transactions.) Prepare the journal entries for Schmidt Company. (Record debits first, then credits. Exclude explan any journal entries:) 1. Purchased raw materials on account, $50,000 More info 1. Purchased raw materials on account, $50,000 2. Used materials in production: $30,000 in the Mbing Department, $5,000 in the Packaging Department; $1,300 in indirect materials 3. Incurred labor costs: $8,500 in the Mixing Department, $6,500 in the Packaging Department, $2,400 in indirect labor 4. Incurred manufacturing overhead costs: $7,000 in machinery depreclation, paid $2,500 for rent and $1,620 for utitities
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