Entries for Costs in a Job Order Cost System Instructions Chart of Accounts Journal Instructions Velasco Co. uses a job order cost system. The following data summarize the operations related to production for July July 1 2 31 31 31 Materials purchased on account, $863,320 Materials requisitioned, 5618,780, of which $71,310 was for general factory use Factory labor used. $640,350, of which $88,200 was indirect Other costs incurred on account for factory overhead, $140,430, seling expenses, $245,050; and administrative expenses, $145,440 Prepaid expenses expired for factory overhead, 530,100; for selling expenses. $27,880; and for administrative expenses. $18,590 Depreciation of office building was $86,490; of office equipment, $45,350; and of factory equipment $30,880 Factory overhead costs applied to jobs, $365,760 Jobs completed, $1,017,410 Cost of goods sold, $911,220 31 31 31 31 Required: Entries for Costs in a Job Order Cost System Instructions Chart of Accounts Journal Chart of Accounts CHART OF ACCOUNTS Velasco Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials EXPENSES 510 Cost of Goods Sold 132 Work in Process 133 Factory Overhead 134 Accumulated Depreciation-Factory Equipment 135 Finished Goods 520 Wages Exponte 531 Selling Expenses 532 Insurance Expense 533 Ulities Expense 534 Office Supplies Expense 540 Administrative Expenses 561 Depreciation Experise-Office Building 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses Entries for Costs in a Job Order Cost System Instructions Chart of Accounts Journal Chart of Accounts 181 Office Building 182 Accumulated Depreciation Office Building 191 Office Equipment 192 Accumulated Depreciation Office Equipment 562 Depreciation Expense-Office Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Utilitios Payable 231 Notos Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 262 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings todos Chat of Anton Journal Journal xe tento record med person or to the chart of accounts for the exact worthy of the count ONOW w do not owned to explorations. Every ine on a page wed for debitor create antries. NOW oras automatically indent a credent who acreditamount is need JOUR ACCOUNTING COLLATION DETE DUCATION POSTER OCHT CREDIT ADSETS LIMES TOUT Chapter 19 Homework ebook Show Me How Printem instructions Chart of Accounts Journal Journal Journal 1 16 17 18 19 20 21 34 30