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Entry for jobs completed; cost of unfinished jobs Chart of Accounts ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials
Entry for jobs completed; cost of unfinished jobs
Chart of Accounts 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 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 Addministrative Expenses 560 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense a. Journalize the entry on Mar. 31 to record the jobs completed Final Question General doumal instructions b. Determine the cost of the unfinished jobs af March 31 Instructions Jobs finished during March are summarized as follows: Required: a. Journalize the entry on Mar. 31 to record the jobs completed b. Determine the cost of the unfinished jobs at March 31 . Entry for jobs completed; cost of unfinished jobs Chart of Accounts IOL Accumulateu vepieciauuli-r actury 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 Step by Step Solution
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