Record in General Journal Form the Following Transactions for Marble $\$ 10$

question 48

Essay

Record in general journal form the following transactions for Marble Manufacturing:
Feb. 4 Raw materials of $\$ 10$ , 000 were issued from the storeroom.
Feb. 7 Charged $\$ 20,000$ of direct labor to production.
Feb. 10 Supplies costing $\$ 6,000$ were issued from the storeroom.
Feb. 15 The following expenses were charged to overhead: depreciation $\$ 5,000$ , rent $\$ 4,000$ , and electricity $\$ 1,500$ .
Feb. 20 Overhead was applied at $80 \%$ of direct labor dollars.
Feb. 21 Transferred completed goods costing $\$ 8,000$ to finished goods.

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Definitions:

Gap Filler

refers to provisions or measures in a contract that deal with situations where the parties have omitted details.

Physical Delivery

The actual delivery of a tangible asset or commodity from the seller to the buyer, as opposed to a delivery through transfer of ownership documents or digital records.

Merchant

A business or individual engaged in commercial trade or sales.

Article 2

A reference that could pertain to various legal documents; often associated with the Uniform Commercial Code in the United States, which governs sales of goods.