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9 Cards in this Set
- Front
- Back
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Material for job |
WIP. Debit Materials. Credit |
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Factory labor on job |
WIP. Debit Wages payable. Credit |
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Applied factory overhead to some jobs |
WIP. Debit F.O.H. Credit |
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Paid salary of Vice President |
Wages payable. Debit Cash. Credit |
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Cash paid for overhead cost |
F.O.H. Debit Cash. Credit |
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Transferred a small balance of underapplied overhead to a job |
WIP. Debit F.O.H. Credit |
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Cost of jobs completed |
Cost of goods sold. Debit WIP. Credit |
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Materials purchased on account |
Materials. Debit Accts payable. Credit |
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Sold products for cash |
Cash. Debit Sales. Credit |
