Prepare journal entries (Learning Objectives 3, 4, 5)

Record the following transactions in Micro Speakers’ general journal.

a. Received bill for Web site expenses, $3,400.

b. Incurred manufacturing wages, $16,000.

c. Purchased materials on account, $14,750.

d. Used in production: direct materials, $7,000; indirect materials, $3,000.

e. Assigned $15,000 of manufacturing labor to jobs, 70% of which was direct labor and 30% of which was indirect labor.

f. Recorded manufacturing overhead: depreciation on plant, $13,000; prepaid plant insurance expired, $1,700; plant property tax, $4,200 (credit Property Tax Payable).

g. Allocated manufacturing overhead to jobs, 200% of direct labor costs.

h. Cost of jobs completed during the month: $33,000.

i. Sold all jobs (on account) completed during the month for $52,000. Assume a perpetual inventory system.