CHART OF ACCOUNTS Assembly Department General Ledger ASSETS110Cash121AccountsReceivable125NotesReceivable126InterestReceivable130Materials133WorkinProcessREVENUE410Sales610InterestRevenueEXPENSES510CostofGoodsSold520DirectMaterialsQuantityVariance 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable 126 Interest Receivable 130 Materials 133 Work in Process EXPENSES 136 Factory Overhead 138 Finished Goods 510 Cost of Goods Sold 141 Supplies 520 Direct Materials Quantity Variance 142 Prepaid Insurance 521 Direct Materials Price Variance 143 Prepaid Expenses 522 Direct Labor Time Variance 523 Direct Labor Rate Variance 181 Land 530 Wages Expense 531 Selling Expenses 190 Office Equipment 532 Insurance Expense 533 Utilities Expense 190 Office Equipment 533 Utilities Expense 191 Accumulated Depreciation-Office Equipment 534 Office Supplies Expense 192 Machinery 540 Administrative Expenses 193AccumulatedDepreciation-Machinery194Factory560DepreciationExpense-OfficeEquipment561DepreciationExpense-Machinery 195AccumulatedDepreciation-Factory562DepreciationExpense-Fa590MiscellaneousExpense LIABILITIES 710 Interest Expense 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 1 unilles rayabie 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends General Journal Instructions Journalize the direct labor in the Assembly Department on March 31. CHART OF ACCOUNTS Assembly Department General Ledger ASSETS110Cash121AccountsReceivable125NotesReceivable126InterestReceivable130Materials133WorkinProcessREVENUE410Sales610InterestRevenueEXPENSES510CostofGoodsSold520DirectMaterialsQuantityVariance 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable 126 Interest Receivable 130 Materials 133 Work in Process EXPENSES 136 Factory Overhead 138 Finished Goods 510 Cost of Goods Sold 141 Supplies 520 Direct Materials Quantity Variance 142 Prepaid Insurance 521 Direct Materials Price Variance 143 Prepaid Expenses 522 Direct Labor Time Variance 523 Direct Labor Rate Variance 181 Land 530 Wages Expense 531 Selling Expenses 190 Office Equipment 532 Insurance Expense 533 Utilities Expense 190 Office Equipment 533 Utilities Expense 191 Accumulated Depreciation-Office Equipment 534 Office Supplies Expense 192 Machinery 540 Administrative Expenses 193AccumulatedDepreciation-Machinery194Factory560DepreciationExpense-OfficeEquipment561DepreciationExpense-Machinery 195AccumulatedDepreciation-Factory562DepreciationExpense-Fa590MiscellaneousExpense LIABILITIES 710 Interest Expense 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 1 unilles rayabie 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends General Journal Instructions Journalize the direct labor in the Assembly Department on March 31