Accounting question help please?

Accounting
Tutor: None Selected Time limit: 1 Day

Sep 12th, 2015

Thank you for the opportunity to help you with your question! IF you have any clarification, please don't hesitate to ask and I will do my best to answer. If you have supplementary materials you can provide, I will gladly review them and review my original tutorial. ++++++++++++

Given that I am not aware how the teacher taught how factory labor is to be recorded, I am giving you several options on how to. Just select the most appropriate based on class discussion.

A. Using a factory labor control account

Debit Work in process            5,776

Debit Factory overhead          834

Credit Factory payroll                             6610

B. Debiting directly to jobs (for me this is the most appropriate)

Debit Work in process - Job 1  2,378

Debit Work in process - Job 2   1,762

Debit Work in process - Job 3    1,636

Debit Factory overhead              834

Credit Wages payable                             5,865

Credit Payroll taxes payable                    745

C. NO control account

Debit Work in process            5,776

Debit Factory overhead          834

Credit Wages payable                             5,865

Credit Payroll taxes payable                    745

Please let me know if you need any clarification. I'm always happy to answer your questions.
Sep 13th, 2015

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Sep 12th, 2015
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Sep 12th, 2015
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