Jiminez Company Engaged in the Following Transactions During May 2014

question 9

Essay

Jiminez Company engaged in the following transactions during May 2014:
1.Purchased raw materials for cash,$400
2.Used raw materials to begin jobs,$284
3.Paid wages of production employees,$180
4.Applied overhead at rate of $1.25 per direct labor dollar
5.Completed job that had cost $320
6.Sold for $440 cash,goods that had cost $295 to complete
Required:
Use the horizontal statements model provided to indicate how each of these events affected Juarez's financial statements.Show dollar amounts of increases and decreases.If an item is not affected by a transaction,indicate by writing NA.

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Definitions:

Anterior Cervical Triangle

An anatomical region of the neck bounded by the sternocleidomastoid muscle, the mandible, and the midline of the neck.

Suprahyoid Triangle

An anatomical region of the neck bounded by the mandible, the stylohyoid muscle, and the digastric muscle, containing structures above the hyoid bone.

Superior Carotid Triangle

An anatomical area of the neck, bounded by the sternocleidomastoid muscle, the stylohyoid muscle, and the posterior belly of the digastric muscle, containing the carotid arteries.

Submandibular Triangle

An anatomical region of the neck bounded by the mandible and two muscles, containing the submandibular gland among other structures.