complete general ledger

Account Factory Oworthead Account Advertising Expense Acoount Salaries Expense Account Rent Expense Account Payroli Tax Expense Account Unities Expense Account Work in Process Account Salaries Payable Account Frank Thompson, Capital Account Frank Thompson. Drawing Account Sales Account Cost of Goods Sold GENERAL JOURNAL Page 2 30 Paid Paint To Go on account, $1,120 30 Purchased materials on acocunt from Lumber Unlimited, $4,300 N-aniug Radh A B C D E F G H GENERAL JOURNAL Page 1 \begin{tabular}{|c|c|} \hline Jan2 & \begin{tabular}{l} an 2 Paid rent for the month, $4,000 total, 85% for space devoted to manufacturin \\ the products, 15% for office space. \end{tabular} \\ \hline & 2 Paid Hardware For All $879 in payment of the December 31 balance. \\ \hline & \\ \hline & 4 Purchased manufacturing supplies on account from Local Got it All, $325. \\ \hline & \begin{tabular}{l} 6 Sold a medium Giant Jenga game from inventory for Cash. Received $546. \\ Our cost was $390. \end{tabular} \\ \hline 6 & \begin{tabular}{l} Received an order for a large Falling Orbs game from a cash customer. Set up \\ job 126 . \\ Began working on the job by applying $120 of direct materials (requisition \\ number 59 ). Whenever we use direct materials on a job we will also apply \\ Factory Overhead at a rate of 40% of the direct materials cost. \\ We also applied $80 of direct labor (time ticket 48 ). \\ Whenever we have direct labor we will debit Work in Process (WIP) for the \\ total gross wages, credit Employees Federal Income Tax Pabor, credit. FICA Tax Payable for 7.65% of total direct labor, and \\ credit Salaries Payable for the difference to get total debits to equal total \\ credits. \\ If needed, always round your numbers to the nearest cent. If your answer \\ goes to three decimal places, if the third number on the right of the decimal is \\ 4 or lower drop off the numbers and leave the number in the cent place \\ (second number) as it is. If the third number is 5 or larger, round the second \\ number up 1 place. 1.E.128.914=128.91. 128.915=128.92 \end{tabular} \\ \hline & \begin{tabular}{l} Paid Secondary Bank $8,798,40 for December 2020 payroll taxes as follows: \\ Employees' Federal Income Tax Payable $3,744.00 \\ FICA Tax Payable $1,909.44 \\ FUTA Tax Payable $149.76 \\ SUTA Tax Payable $2,995.20 \end{tabular} \\ \hline & ted, $9,700 \\ \hline \end{tabular} Account FICA Tax Payable Account No. Account FUTA Tax Payable Account No. Account SUTA Tax Payable Account No: GENERAL JOURNAL Page 5 Received an order for a medium bean bag game from a cash customer. Set up 17 job 127. Began working on the job by applying $40 of direct materials (requisition number 62), applying factory overhead, and applying $20 of direct labor (time ticket 51) withholding the appropriate taxes. Received an order for 3 large Falling Orbs and 2 Medium Falling Orbs from Fun 21 For All Backyard Games. Set up job 128. Began working on the job by applying $220 of direct materials (requisition number 63 ), apply factory overhead, and $410 of direct labor (time ticket number 52 ) witholding taxes. Sold 2 large Giant Jenga games and 1 large Falling Orbs game to a cash customer from inventory. Our cost is $870. Sales price is $1,218. Received a check from Oversize Games for $3,290 in payment of their 21 December 31 balance. 21 Used materials on hand to work on all jobs currently in process, $217 Purchased paint and stain (direct materials) from Paint To Go on account, $692. Set up bookkeeper salary, $960 for the month, indicate withholding for federal 27 income tax and FICA. Withhold payroll taxes at the same rate we used for direct labor transactions. Set up employer payroll taxes for both manufacturing employees and nonmanufacturing employees. Debit Factory Overhead 365.06; Debit Payroli Tax Expense 167.52; credit FICA Tax Payable 233.48; credit FUTA Tax Payable 24.42; credit SUTA Tax Payable 274.68. 30 Paid all employees for wages earned in January. 30 Owner withdrew $3,200 for personal use. 30 Received $1,015.60 on account from Fun For All Backyard Games 30 Received $2,650 on account from Utopian Backyard Fun 30 Paid Local Got It All on account, $325 30 Paid Lumber Unlimited on account, $9,700 Account Finished Goods Account Equipment Account Accumulated Depreciation - Equipment Account Accounts Payable AutoSuve Home Insert Page Layout Formulas Data Review View Automate Developer: X cut [GCopy : Calibn 11 - A A ab Wrap text Gene S) Format Painter 8 4 Merged Center Cipboard E. Font Alignment 5 4190 f. A B c D E F Etan 14 Work in Process 20 Direct Materials. 112.00 (2) Factory Overhead 112 Work in Process Employee Federal Income Tax Payable 24 FICA Tax Payable Salaries Payable Finished Goods Work in Process in 7 7676 as Jan 15 Cash Sales. 80 61 intan 15 Cost of Goods Sold B2. Finished Goods B3) 84 tan 15 Factory Overhead 35 Utility Expense 86 Cash 87 88 69 90 91 92 GENERAL JOURNAL Page 3 9) ob Cou Riecerdi X Cut [B] Copy Format Painter B I U Clpboard 5 Calibn ab Wrap Tert Gener. $. Font Alignment 5 f. A B D E 3) Jan 21 Cash 1,218.00 G I 3. Sales 1,218.00 48 GENERAL JOURNAL Page 4 Format Painter Clipboard Font 8 Alignment 5 f. Reice TAcortubity Geed to go. Accts Rec Subsidiary Accts Pay Subsidiary Job Cost Records \begin{tabular}{|c|c|} \hline & 8 \begin{tabular}{l} Received a check from Utopian Backyard Fun for $4,700 in partial payment \\ their December 31 balance. \end{tabular} \\ \hline & 10 Paid $400 for advertising for the rest of the mont \\ \hline . & 10 Paid Lumber Unlimited $6,950 in payment of the December 31 balan \\ \hline & \begin{tabular}{l} 14 Received a check from Backyard Game Treats for $4,200 in payment of the \\ December 31 balance? \end{tabular} \\ \hline & \\ \hline & \begin{tabular}{l} Sold 2 large Giant Jenga games, 2 medium and 1 large bean bag toss games, \\ small and 1 medium Connect the Color games, and 3 large Falling Orb games, \\ out of inventory to a cash customer. Retail price, $5,755.40. Our cost, \\ $4,111.00. \end{tabular} \\ \hline & \begin{tabular}{l} Applied $80 of direct materials to job 126 (requisition number 60), applied \\ factory overhead at the rate given previously and applied $120 of direct lab- \\ (time ticket 49 ) withholding taxes at the rates given previousiy. \\ This finished off the job so we transferred all costs from WIP into Finished \\ Goods. \end{tabular} \\ \hline & \begin{tabular}{l} Recorded the sale of Job 126 to the cash customer reporting the sale at the \\ 15 retail price of $672 and moving our cost of finished goods into Cost of Goods \\ Sold. \end{tabular} \\ \hline . & 15 \begin{tabular}{l} Paid Utility bill, $510.85% for manufacturing area, 15% for nonmanufacturi \\ area. \end{tabular} \\ \hline . & \begin{tabular}{l} 16 Added $1,150 of materials to job 125 (requisition number 61 ). Remember to apply factory overhead as shown earlier. Also added $1,462 of labor \\ (time ticket 50 ). Remember to withhold taxes as shown earlier. This finishe \\ off job 125 . \end{tabular} \\ \hline & \begin{tabular}{l} 16 Sold job 125 to Oversize Games on account. Sales price is $8,010.8 \\ Determine our total cost from the job cost records. \end{tabular} \\ \hline \end{tabular}