$80,000 in raw materials were purchased on account. $78,000 in raw materials were used in production. of this amount, $68,000 was for direct materials and the remainder was for indirect materials. total labor wages of $126,500 were paid in cash. of this amount, $104,200 was for direct labor and the remainder was for indirect labor. depreciation of $194,000 was incurred on factory equipment. required: record the above transactions in journal entries. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Explanation:

The journal entries are shown below:

1. Raw material A/c Dr $78,000

         To Accounts payable A/c  $78,000

(Being raw material purchased)

2. Work in progress A/c Dr              $68,000

   Manufacturing overhead A/c Dr $10,000

         To Raw material A/c                                   $78,000

(Being raw material allocated)

3. Labor wages A/c Dr  $126,500

        To Cash A/c                                 $126,500

(Being labor wages are paid in cash)

4. Work in progress A/c Dr              $104,200

   Manufacturing overhead A/c Dr $22,300

         To Labor wages payable A/c                                   $126,500

(Being labor wages are allocated)

5. Depreciation A/c $194,000

      To Factory Equipment          $194,000

(Being depreciation is charged on factory equipment)

answer; coefficient of correlation;

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.