During January, its first month of operations, Knox Company accumulated the following manufacturing costs: raw materials $6,100on account, factory labor $6,560of which $5,842relates to factory wages payable and $718relates to payroll taxes payable, and utilities payable $2,350. During January, time tickets show that the factory labor of $6,560was used as follows: Job 1 $2,382, Job 2 $1,736, Job 3 $1,636, and general factory use $806.

Prepare a summary journal entry to record factory labor used.

Utilize provided template in attached file

List of Accounts:

Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Cash Cost of Completed Service Contracts Cost of Goods Sold Depreciation Expense Employer Fringe Benefits Payable Employer Payroll Taxes Payable Factory Labor Factory Wages Payable Finished Goods Inventory Manufacturing Overhead Operating Overhead Prepaid Property Taxes Raw Materials Inventory Salaries and Wages Expense Salaries and Wages Payable Sales Service Contracts in Process Supplies Utilities Payable Work in Process Inventory

During January, its first month of operations, Knox Company accumulated the following manufacturing costs: raw materials $6,100 on account, factory labor $6,560 of which $5,842 relates to factory wages payable and $718 relates to payroll taxes payable, and utilities payable $2,350. During January, time tickets show that the factory labor of $6,560 was used as follows: Job 1 $2,382, Job 2 $1,736, Job 3 $1,636, and general factory use $806. Prepare a summary journal entry to record factory labor used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Jan. 31 Click if you would like to Show Work for this question: Credit