Acc202 problem set module two Entries for factory costs and jobs completed.

Entries for foctory costs and jobs completed instructions Cologiale Publishng Inc: began priting opefabions ce March 1 Jobt 301 and 302 were completed dung the month. and ali costs applicable to them were recorded on the relabed cost sheets jobs 303 and 304 are that in process at the end of the month, and at applicable costs qxcept factory overhead have been recorded on the telated cont theetn in additian to the mabenals and anbor charged drecty to the jobs, $7,800 of indiect materials and 511,100 of incirect labor were used during the month. The cost sheets for the four jobs enterng production during the month are as follows. in sumanty lorm Required: a. Dick and indirect mitentat used D. Ding and ingrect haor used d Complisn of 1004 sot and 302 Entries for factory costs and jobs completed instructions Chart of Aceounts Joumal Chart of Accounts CHART OF ACCOUNTS Collegiate Publishing Inc. General Ledger ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 132 Work in Proces: 133 Factory Ovemead 134 Fioished Goods 141 Supplies 142 Prepaid insurance 143. Pronaid Frnsecon REVENUE 410 Sales 610 interest Revenue EXPENSES 510. Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Orfice Supples Experse 540. Administratve Exoenses Chart of Accounts LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary Voumalce the Mar. 31 summary enthes to record each of the folowing ogerations for March (one entry for each operationy. Fofer fo the chart of accounts for the exact wonding of the account theis. CNOWjoumals do not use fines for spinces or journal exalanations. Every line on a journal page is used for deoct or credt ehtres Do not add explanatans or skp a ine behween foumal enthes. CNowjournals wil automatcaly indent a credit entry when a credt amount is entered a Direct and indrect materials used 0. Ourect and indrect laoor used c. Factory overhesd appled to al four jobs fa single overhead fate is used ossed on direct labor cost) a Competson of sos30t and 302