80.2K

Verified Solution

Link Copied!

Use lean accounting to prepare journal entries for the following transactions 1. Purchased $22.800 of raw materials on credit 2. Applied conversion costs of $67,800 3. Incurred actual conversion costs of $67,800 Hint Credit "Various Accounts." 4. Sold $123,000 of goods on credit 5. Recorded cost of goods sold of $93,000. View transaction list Journal entry worksheet Purchased $22,800 of raw materials on credit. Note: Enter debits before credits Transaction General Journal Debit Credit Use lean accounting to prepare journal entries for the following transactions 1. Purchased $22,800 of raw materials on credit. 2. Applied conversion costs of $67,800. 3. Incurred actual conversion costs of $67,800. Hint Credit 'Various Accounts." 4. Sold $123,000 of goods on credit 5. Recorded cost of goods sold of $93,000 View transaction list Journal entry worksheet Applied conversion costs of $67,800. Note: Enter debits before credits: General Journal Debit Credit Transaction 2 w Use lean accounting to prepare journal entries for the following transactions 1. Purchased $22.800 of raw materials on credit 2. Applied conversion costs of $67.800. 3. Incurred actual conversion costs of $67,800 Hint Credit "Various Accounts." 4. Sold $123,000 of goods on credit 5. Recorded cost of goods sold of $93,000 View transaction list Journal entry worksheet A B D E > Incurred actual conversion costs of $67,800. Hint: Credit "Various Accounts." Note: Enter dobits before credits General Journal Debit Credit Transaction 3 Use lean accounting to prepare journal entries for the following transactions 1. Purchased $22,800 of raw materials on credit. 2. Applied conversion costs of $67,800. 3. Incurred actual conversion costs of $67,800. Hint Credit "Various Accounts." 4. Sold $123,000 of goods on credit. 5. Recorded cost of goods sold of $93,000. View transaction list Journal entry worksheet Sold $123,000 of goods on credit. Note: Enter debits before credits Transaction General Journal Debit Credit Use lean accounting to prepare journal entries for the following transactions 1. Purchased $22.800 of raw materials on credit 2. Applied conversion costs of $67,800. 3. Incurred actual conversion costs of $67,800. Hint: Credit "Various Accounts" 4. Sold $123,000 of goods on credit. 5. Recorded cost of goods sold of $93,000 View transaction list Journal entry worksheet

Answer & Explanation Solved by verified expert

See Answer