Accounting Help 12

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26-08A

Problem 26-8A Name:
1.
GENERAL JOURNAL
Date Account / Description Post. Ref. Debit Credit
(a)

Mark Sears: Note: Use of this column is optional and will not be graded.
(b) Work in Process (Job No. 303)
Work in Process (Job No. 304)
Work in Process (Job No. 305)
Work in Process (Job No. 306)
(c)
(d) Work in Process (Job No. 303)
Work in Process (Job No. 304)
Work in Process (Job No. 305)
Work in Process (Job No. 306)
(e)
(f)
(g) Work in Process (Job No. 303)
Work in Process (Job No. 304)
Work in Process (Job No. 305)
Work in Process (Job No. 306)
(h) Finished Goods (Product J)
Work in Process (Job No. 303)
Finished Goods (Product K)
Work in Process (Job No. 304)
Finished Goods (Product L)
Work in Process (Job No. 305)
Finished Goods (Product M)
Work in Process (Job No. 306)
(i) Accounts Receivable
Sales
Cost of Goods Sold
Finished Goods (Product J)
Accounts Receivable
Sales
Cost of Goods Sold
Finished Goods (Product K)
Accounts Receivable
Sales
Cost of Goods Sold
Finished Goods (Product L)
Accounts Receivable
Sales
Cost of Goods Sold
Finished Goods (Product M)
2.
Work in Process Finished Goods
Bal. 0 Bal. 0

26-08B

Problem 26-8B Name:
1.
GENERAL JOURNAL
Date Account / Description Post. Ref. Debit Credit
(a)

Mark Sears: Note: Use of this column is optional and will not be graded.
(b) Work in Process (Job No. 501)
Work in Process (Job No. 502)
Work in Process (Job No. 503)
Work in Process (Job No. 504)
(c)
(d) Work in Process (Job No. 501)
Work in Process (Job No. 502)
Work in Process (Job No. 503)
Work in Process (Job No. 504)
(e)
(f)
(g) Work in Process (Job No. 501)
Work in Process (Job No. 502)
Work in Process (Job No. 503)
Work in Process (Job No. 504)
(h) Finished Goods (Product W)
Work in Process (Job No. 501)
Finished Goods (Product X)
Work in Process (Job No. 502)
Finished Goods (Product Y)
Work in Process (Job No. 503)
Finished Goods (Product Z)
Work in Process (Job No. 504)
(i) Accounts Receivable
Sales
Cost of Goods Sold
Finished Goods (Product W)
Accounts Receivable
Sales
Cost of Goods Sold
Finished Goods (Product X)
Accounts Receivable
Sales
Cost of Goods Sold
Finished Goods (Product Y)
Accounts Receivable
Sales
Cost of Goods Sold
Finished Goods (Product Z)
2.
Work in Process Finished Goods
Bal. Bal. 0

E26-2A

Morales Mining and Manufacturing Company
Schedule of Cost of Goods Manufactured
For Year Ended December 31, 20--
Work in process, January 1, 20--
Materials inventory, January 1, 20--
Materials purchases
Materials available for use
Materials inventory, December 31, 20--
Cost of materials used
Mark Sears: Enter as a formula
Direct labor
Overhead
Total manufacturing costs
Mark Sears: Enter as a formula
Total work in process during the period
Mark Sears: Enter as a formula
Work in process, December 31, 20--
Cost of goods manufactured
Mark Sears: Enter as a formula
Mark Sears: Enter as a formula

Essay Question

Please go to Chapter 18, review the purpose of the differenct depreciaiton methods and write a short answer essay of at least 150 words explaining the purpose of depreciation and its fulfillment of the matching principle.

Grading Rubric

Week 6 Grading Rubric
Point Available Points Earned
E26-2A 7 points
P26-08A 13 points
*requirement 1 8 points
*requirement 2 5 points
P26-08B 13 points
*requirement 1 8 points
*requirement 2 5 points
Essay Question 5 points
Total Score 0