Accounts debited and credited for business events

Assignment Help Accounting Basics

Reference no: EM13141964

The Hershey Foods Company manufactures chocolate confectionery products. The three largest raw materials are cocoa beans, sugar, and dehydrated milk. These raw materials first go into the Blending Department. The blended product is then sent to the Molding Department, where the bars of candy are formed. The candy is then sent to the Packing Department, where the bars are wrapped and boxed. The boxed candy is then sent to the distribution center, where it is eventually sold to food brokers and retailers.

Show the accounts debited and credited for each of the following business events:

a) Materials used by the Blending Department.

b) Transfer of blended produbct to the Molding Department.

d) Transfer of chocolate to the Packing Department.

e) Sale of boxed chocolate.

Reference no: EM13141964

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