Concept explainers
Carmen Company is a manufacturer that completed numerous transactions during the month, some of which are shown below:
a. Raw materials used in production as direct materials, $56,000.
b. Paid direct laborers $40,000 in cash for their work on various jobs during the month.
c. Applied of manufacturing
d. Various
Various completed jobs costing a of $90.000 were sold to customers
e. Cash Saks for the month totaled $160.000.
g. Selling and administrative expenses paid in $18,000.
The tile shatter below includes a subset of Carmen Company’s balance sheet accounts. Record each of the above transactions using the accounts that are given. If a transaction increases an account balance, then record the amount as a positive number. If it decreases an account
Balance, then record the amount in parentheses
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