CHART OF ACCOUNTS Schumacher Industries Inc. General Ledger ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable 126 Interest Receivable EXPENSES 131 Materials 510 Cost of Goods Sold ies for direct labor and factory overhead Chart of Accounts I General Journal General Journal 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 Entries for direct labor and factory overhead Instructions Schumacher industries inc. manufactures recreational vehicles. Schumacher industries uses job ordef costino. The fine hickels from dune jobs are summarked as followi. Factory overhead is appled to jobs on the basis of a predetermined overhead rate of $26 per direct labor four. The direct labor rate is 548 per hour. CHART OF ACCOUNTS Schumacher Industries Inc. General Ledger ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable 126 Interest Receivable EXPENSES 131 Materials 510 Cost of Goods Sold ies for direct labor and factory overhead Chart of Accounts I General Journal General Journal 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 Entries for direct labor and factory overhead Instructions Schumacher industries inc. manufactures recreational vehicles. Schumacher industries uses job ordef costino. The fine hickels from dune jobs are summarked as followi. Factory overhead is appled to jobs on the basis of a predetermined overhead rate of $26 per direct labor four. The direct labor rate is 548 per hour