During May, Lockmiller Company incurred factory overhead costs as follows: indirect materials, $$39,000$; indirect labor, $$89,200$; utilities cost, $$18,400$; and factory depreciation, $$50,800.$

Required:

Journalize the entry to record the factory overhead incurred as of May $30.$ Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. CHART OF ACCOUNTS

Lockmiller Company

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

$181$ Land

$191$ Factory

$192$ Accumulated Depreciation$-$Factory

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

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

$560$ Depreciation Expense$-$Factory

$590$ Miscellaneous Expense

$710$ Interest Expense. Journalize the entry to record the factory overhead incurred as of May $30.$ Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

PAGE $10$

JOURNALACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY