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Author Question: River Falls Manufacturing uses a normal cost system and had the following data available for 2018: ... (Read 36 times)

savannahhooper

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on: Mar 6, 2021

Question 1

Payment of the factory rent would require debits and credits to which accounts?
◦ Debit: Work-in-Process Control account 
Credit: Cash
◦ Debit: Manufacturing Overhead Control account 
Credit: Cash
◦ Debit: Cost of Goods Sold account
Credit: Prepaid Rent
◦ Debit: Factory Depreciation account
Credit: Accumulated Depreciation Control

Question 2

River Falls Manufacturing uses a normal cost system and had the following data available for 2018:



The journal entry to record the materials placed into production would include a ________.
◦ credit to Direct Materials Inventory for $84,000
◦ debit to Direct Materials Inventory for $150,000
◦ credit to WIP Inventory for $84,000
◦ debit to WIP Inventory for $150,000
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by savannahhooper on Mar 6, 2021

Laurenleakan

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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savannahhooper

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

ghepp

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Reply 3 on: Yesterday
Excellent

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