Question

Record the following transactions in good form as discussed in class. Example: On April 1, Daily Company purchased inventory from a supplier $20,000 paid in cash. Date Account Titles Debit Credit April 1 Raw Materials Inventory 20,000 Cash 20,000 On April 11, Daily Company transferred $15,000 of raw materials to the factory; $8,000 of the raw materials was direct and $7,000 of the raw materials was indirect. Date Account Titles Debit Credit On April 30, Daily Company paid the manager of the sales force her monthly salary of $20,000 in cash. Date Account Titles Debit Credit On April 30, Daily Company applied manufacturing overhead of $2,500 to completed jobs. Date Account Titles Debit Credit

          Record the following transactions in good form as discussed in class.
Example: On April 1, Daily Company purchased inventory from a supplier $20,000 paid in cash.
Date
Account Titles
Debit
Credit
April 1
Raw Materials Inventory
20,000
Cash
20,000
On April 11, Daily Company transferred $15,000 of raw materials to the factory; $8,000 of the raw
materials was direct and $7,000 of the raw materials was indirect.
Date
Account Titles
Debit
Credit
On April 30, Daily Company paid the manager of the sales force her monthly salary of $20,000 in cash.
Date
Account Titles
Debit
Credit
On April 30, Daily Company applied manufacturing overhead of $2,500 to completed jobs.
Date
Account Titles
Debit
Credit

Record the following transactions in good form as discussed in class.
Example: On April 1, Daily Company purchased inventory from a supplier 20,000 paid in cash.
Date
Account Titles
Debit
Credit
April 1
Raw Materials Inventory
20,000
Cash
20,000
On April 11, Daily Company transferred15,000 of raw materials to the factory; 8,000 of the raw
materials was direct and7,000 of the raw materials was indirect.
Date
Account Titles
Debit
Credit
On April 30, Daily Company paid the manager of the sales force her monthly salary of 20,000 in cash.
Date
Account Titles
Debit
Credit
On April 30, Daily Company applied manufacturing overhead of2,500 to completed jobs.
Date
Account Titles
Debit
Credit

Added by Megan S.

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