Barnes Company uses a job order cost system. The following data summarize the operations related to production for October:

October 1 Materials purchased on account, $315,500.

2 Materials requisitioned, $290,100, of which $8,150 was for general factory use.

31 Factory labor used, $489,500, of which $34,200 was indirect.

31 Other costs incurred on account for factory overhead, $600,000; selling expenses, $150,000; and administrative expenses, $100,000.

31 Prepaid expenses expired for factory overhead were $18,000; for selling expenses, $6,000; and for administrative expenses, $5,000.

31 Depreciation of office building was $30,000; of office equipment, $7,500; and of factory equipment, $60,000.

31 Factory overhead costs applied to jobs, $711,600.31Jobs completed, $1,425,000.

31 Cost of goods sold, $1,380,000.

Required:

Journalize the entries to record the summarized operations. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

CHART OF ACCOUNTS

Barnes Co.

General Ledger

ASSETS

110 Cash

121 Accounts Receivable

125 Notes Receivable

126 Interest Receivable

131 Materials

132 Work in Process

133 Factory Overhead

134 Finished Goods

141 Supplies

142 Prepaid Insurance

143 Prepaid Expenses

181 Office Building

191 Office Equipment

192 Accumulated Depreciation-Buildings and Equipment

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

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 Office Supplies Expense

540 Administrative Expenses

561 Depreciation Expense-Office Building

562 Depreciation Expense-Office Equipment

590 Miscellaneous Expense

710 Interest Expense