Brief Exercise 15-10 At December 31, balances in Manufacturing Overhead are Shim
ID: 2334054 • Letter: B
Question
Brief Exercise 15-10
At December 31, balances in Manufacturing Overhead are Shimeca Company—debit $2,260, Garcia Company—credit $1,011.
Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Shimeca Company
Garcia Company
Date
Account Titles and Explanation
Debit
Credit
Shimeca Company
Dec. 31Garcia Company
Dec. 31Explanation / Answer
Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold.
Date Account Titles and Explanation Debit Credit Shimeca Company Dec 31 Cost of goods sold 2260 Manufacturing overhead 2260 Garcia Company Dec 31 Manufacturing overhead 1011 Cost of goods sold 1011Related Questions
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