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Accounting

During January, its first month of operations, Knox Company accumulated the following manufacturing costs: raw materials $4000 on account, factory labor $6000 of which $5200 relates to factory wages payable and $800 relates to payroll taxes payable and utilities payable $2000. Prepare journal entries for each type of manufacturing cost.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9979026

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