Scribd
Upload
75 views

ACTBFAR Exercise Set #1 - Ex 5 - FS Classifications

This document contains accounting transactions for various assets, liabilities, equity, expenses and revenues for a company organized by type of account. It includes transactions for cash, accounts receivable, inventory, fixed assets, payroll expenses, cost of goods sold, rent, supplies, depreciation and more. The document provides a breakdown of account balances and transactions for the factory, store and office divisions of the company for the month of January.

Uploaded by

Nikko Bowie Pascual
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
75 views

ACTBFAR Exercise Set #1 - Ex 5 - FS Classifications

This document contains accounting transactions for various assets, liabilities, equity, expenses and revenues for a company organized by type of account. It includes transactions for cash, accounts receivable, inventory, fixed assets, payroll expenses, cost of goods sold, rent, supplies, depreciation and more. The document provides a breakdown of account balances and transactions for the factory, store and office divisions of the company for the month of January.

Uploaded by

Nikko Bowie Pascual
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

CL Accounts Payable 76,000

CA Accounts Receivable 320,000


NCA Accumulated Depreciation – Machinery 52,000
NCA Accumulated Depreciation – Office Equipment 26,000
NCA Accumulated Depreciation – Store Equipment 24,000
CA Allowance for Doubtful Accounts 16,000
CA Cash 488,000
OI Commissions Income 45,000
CS MOH Depreciation – FACTORY Machinery 27,000
AE Depreciation – Office Equipment 13,000
DC Depreciation – Store Equipment 12,000
AE Doubtful Accounts Expense 14,000
CS DL - 60% MOH - 40% Factory Payroll (60% direct, 40% indirect) 400,000
CS Finished Goods Inventory, Jan 1 40,000
CS/CA Finished Goods Inventory, Jan 31 37,000
OI Interest Income 3,000
NCA Machinery 520,000
CA Notes Receivable 50,000
NCA Office Equipment 240,000
AE Office Salaries 156,000
CS/DC/AE MOH - 30% DC - 40% AE - 30% Other Costs (30% factory, 40% store, 30% office) 30,000
CA Prepaid Insurance Expense 60,000
OE R. Biff, Capital, Jan 1 ???
OE R. Biff, Drawing 85,000
CS Raw Materials Inventory, Jan 1 39,000
CS/CA Raw Materials Inventory, Jan 31 46,000
CS Raw materials purchases 187,000
CS/DC/AE MOH - 60% DC - 20% AE - 20% Rent (60% factory, 20% store, 20% office) 100,000
CS/AE MOH - 60% AE - 40% Repairs and Maintenance (60% factory, 40% office) 23,000
CL Salaries and Wages Payable 60,000
S Sales 1,500,000
S Sales Discount 21,000
S Sales Returns and Allowances 15,000
NCA Store Equipment 130,000
DC Store Salaries 234,000
CA Supplies Inventory (50% factory, 30% store, 20% office) 20,000
CS/DC/AE MOH - 40% DC - 30% AE - 30% Supplies Used (40% factory, 30% store, 30% office) 48,000
CL Unearned Sales Revenue 50,000
CS/DC/AE MOH - 70% DC - 20% AE - 10% Utilities (70% factory, 20% store, 10% office) 170,000
CL Utilities Payable 46,000
CS Work-in-Process Inventory, Jan 1 61,000
CS/CA Work-in-Process Inventory, Jan 31 65,000

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy