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1 Journalize the following transactions for Judy's Sofas. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude
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Journalize the following transactions for Judy's Sofas. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) b. Incurred manufacturing wages of $18,000,65% of which was direct labor and 35% of c. Purchased raw materials on account, $15,000. a. Used in nroduction: direct materials. $9.500 : indirent materials $4.000 d. Used in production direct materials, 39,500; indrect maserials, 34,000. e. Recorded manulacturing crechead depreciabon on plact. 510,000 ; plari f. Ahocaled marsiacturing crertiead to jobs, 190% of drect labor costs 9. Completed production on jobs with costs of $38,000. h. Sold irventory on account, $20,000; cost of goods sold, $10,000 Begin by recording the revenue from the sales on account. Do not record the expense related to the sale in this journal entry. We will do that in the next step. Now record the expense related to the sale. Now record the expense related to the sale. i. Adjusted for overallocated or underallocated overhead. More info a. Incurred and paid Web site expenses, \$2,600. b. Incurred manufacturing wages of $18,000,65% of which was direct labor and 35% of which was indirect labor. c. Purchased raw materials on account, $15,000. d. Used in production: direct materials, $9,500; indirect materials, $4,000. e. Recorded manufacturing overhead: depreciation on plant, $10,000; plant insurance (previously paid), $1,700; plant property tax, $3,700 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 190% of direct labor costs. g. Completed production on jobs with costs of $38,000. h. Sold inventory on account, $20,000; cost of goods sold, $10,000. i. Adjusted for overallocated or underallocated overhead Step by Step Solution
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