This problem has been solved! see the answercrawford corporation incurred the following transactions. journalize transactions.1. purchased raw materials on account $53,300.2. raw materials of $36,300 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials.3. factory labor costs incurred were $60,200, of which $50,800 pertained to factory wages payable and $9,400 pertained to employer payroll taxes payable.4. time tickets indicated that $55,300 was direct labor and $4,900 was indirect labor.5. manufacturing overhead costs incurred on account were $82,500.6. depreciation on the company’s office building was $8,700.7. manufacturing overhead was applied at the rate of 160% of direct labor cost.8. goods costing $98,300 were completed and transferred to finished goods.9. finished goods costing $84,400 to manufacture were sold on account for $107,200.

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u. s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.