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13. Consider the following transactions for Sleeks Furniture: Requirement Journalize the transactions in Sleeks general journal. a. Incurred and paid Web site expenses, $2,100 b.
13. Consider the following transactions for Sleeks Furniture:
Requirement
Journalize the transactions in Sleeks general journal.
a. Incurred and paid Web site expenses, $2,100 b. Incurred and paid manufacturing wages, $17,000 c. Purchased materials on account, $15,000 d. Used in production: direct materials, $9,000; indirect materials, $1,500 e. Assigned $17,000 of manufacturing labor to jobs, 55% of which was direct labor and 45% of which was indirect labor f. Recorded manufacturing overhead: depreciation on plant, $11,000; plant insurance, $1,000; plant property tax, $4,100 (credit Property Tax Payable) g, Allocated manufacturing overhead to jobs, 160% of direct labor costs h. Completed production, $32,000 i. Sold inventory on account, $24,000; cost of goods sold, $16,000
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