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