Mertis, Inc. reported Net fixed assets as follows on its Balance sheets for December 31, 2011 and December 31, 2012 look as follows: 2011 2012 Net fixed assets 815,000 865,000 On its 2012 Income statement, Mertis recorded depreciation expense of $36,636 . What amount of cash did Mertis spend in 2012 on new fixed assets

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold. mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)