Barnes Company uses a job order cast system. The following data summarize the operations related to production for October October 2 1 Materials purchased on account, $544,380 Materials requisitioned, 5670,250, of which 571,770 was for general factory use 31 Factory labor used, 5637.900, of which 588.640 was indirect 31 Other costs incurred on account for factory overhead, 5142,080, selling expensen, 6238,560, and administrative expenses, 5151,300 31 Prepaid expenses expired for factory overhead were 520,450, forseting expenses. $27,540, and for administrative expenses, 518,720 31 Depreciation of oice building was $84,400 of office equipment, 543,730, and of factory equipment, $32.270 31 Factory overhead costs applied to jobs 5.379,790 31 Jobs completed, 5988,380 31 Cost of goods sold. $921,340 CHART OF ACCOUNTS Barnes Co. General Ledger REVENUE ASSETS 110 Cash 410 Sales 610 Interest Revenue 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials EXPENSES 510 Cost of Goods Sold 520 Wages Expense 132 Work in Process 133 Factory Overhead 134 Finished Goods 531 Selling Expenses 532 Insurance Expense 141 Supplies 533 Utilities Expense 534 Office Supplies Expense 142 Prepaid Insurance 142 Prepaid Insurance 143 Prepaid Expenses 181 Office Building 534 Office Supplies Expense 540 Administrative Expenses 561 Depreciation Expense-Office Building 562 Depreciation Expense-OMce Equipment 590 Miscellaneous Expense 710 Interest Expense 191 Office Equipment 192 Accumulated Depreciation-Buildings and Equipment LIABILITIES 210 Accounts Payable 221 Uits Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Foes Payable 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 PAGE 1 JOURNAL ACCOUNTING EQUATION DETE DESCRIPTION POST DET CREDIT LATES 1 11