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eBook Show Me How Instructions Chart of Accounts Journal Instructions Barnes Company uses a job order cost system. The following data summarize the operations
eBook Show Me How Instructions Chart of Accounts Journal Instructions Barnes Company uses a job order cost system. The following data summarize the operations related to production for October October 1 Materials purchased on account, $663,320. 2 Materials requisitioned, $818,780, of which $71,310 was for general factory use. 31 Factory labor used, $640,350, of which $88,200 was indirect 31 31 31 Other costs incurred on account for factory overhead, $140,430; selling expenses, $245,050; and administrative expenses, $145,440. Prepaid expenses expired for factory overhead were $30,100; for selling expenses, $27.880; and for administrative expenses, $18,500 Depreciation of office building was $86,490, of office equipment, $45,350; and of factory equipment. $30,880 31 Factory overhead costs applied to jobs. $365,780. 31 Jobs completed, $1,017.410. 31 Cost of goods sold, $911,220 Required: Joumalize the entries to record the summarized operations Refer to the chart of accounts for the exact wording of the account titles journals do not use lines for spaces or journal explanations Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between joumal entries. CNOW joumals will automatically indent a credit entry when a credit amount is ent Journal
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