Hey, this is all apart of the same question to prepare the journal entries to record these transactions. Please help asap! in the middle of a test
Josie Incorporated has provided the following information for the year ended 208. a. Purchased raw materials on account for $120,000. b. Issued $115,000 in raw materials to production ( $22,000 were not traceable to specific jobs). c. Incurred $115,000 in direct labor costs (14,375 hours) and $62,500 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs: factory lease $24,000 (paid in cosh): depreciation on equipment $20,000 : custodial supplies $7,500 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $75,000; sales commissions $88,000. f. Applied manufacturing overhead to jobs in process at a rate of $10 per direct labor hour. 9. Completed jobs costing a total of $345,000 h. Sold jobs for $425,000 on account. The cost of the jobs was $342,000 1. Closed the Manufacturing Overhead account balance. Required: Prepare the journal entries to record these transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Josie Incorporated has provided the following information for the year ended 208 : a. Purchased raw materials on account for $120,000. b. Issued $115,000 in raw materials to production (\$22,000 were not traceable to specific jobs). c. Incurred $115,000 in direct labor costs (14,375 hours) and $62,500 in supervision costs (paid in cash) d. Incurred the following additional manufacturing overhead costs: factory lease $24,000 (paid in cash); depreciation on equipment $20,000 custodial supplies $7,500 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $75,000, sales commissions $88,000. f. Applied manufocturing overhead to jobs in process at a rate of $10 per direct labor hour. g. Completed jobs costing a total of $345,000. h. Sold jobs for $425,000 on account. The cost of the jobs was $342,000. L. Closed the Manufacturing Overhead account balance. Required: Prepare the joumal entries to record these transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Record issue in raw materials to production (including the part which is not traceable to specific jobs). Josie Incorporated has provided the following information for the year ended 208 : a. Purchased row materials on account for $120,000. b. Issued $115,000 in raw materials to production ( $22,000 were not traceable to specific jobs). c. Incurred $115,000 in direct labor costs (14,375 hours) and $62,500 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs: factory lease $24,000 (paid in cosh), depreciation on equipment $20,000. custodial supplies $7,500 (peid in cash). e. Incurred the following nonmanufacturing costs, both poid in cash: advertising $75,000; sales commissions $88,000. f. Applied manufacturing overhead to jobs in process ot a rate of $10 per direct labor hour. g. Completed jobs costing a total of $345,000. h. Sold jobs for $425,000 on account. The cost of the jobs was $342,000 1. Closed the Manufacturing Overhead account balance. Required: Prepore the joumal entries to record these transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Record the entry for additional manufacturing overhead costs: factory leases (paid in cash); depreciation on equipment; custodial supplles (paid in cash). Josie incorporated has provided the following information for the year ended 208 : a. Purchased raw materials on account for $120,000 b. Issued $115,000 in raw moterials to production ($22,000 were not traceoble to specific jobs) c. Incurred $115,000 in direct labor costs ( 14,375 hours) and $62,500 in supervision costs (paid in cosh). d. Incurred the following additional manufacturing overhead costs: factory lease $24.000 (paid in cash); depreciation on equipment $20,000; custodial supplies $7,500 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash; advertising $75,000, sales commissions $88,000 f Applied manufacturing overhead to jobs in process at a rate of $10 per direct labor hour: g. Completed jobs costing a total of $345,000. h. Sold jobs for $425,000 on account. The cost of the jobs was $342,000 L. Closed the Manufacturing Overhead occount balance. Required: Prepare the joumal entries to record these transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first occount field. Journal entry worksheet (1) (2) 4 678910> Record the entry for nonmanufacturing costs, both paid in cash: advertising : sales commissions. Note: Enter debts belore ardes Josie Incorporated has provided the following information for the year ended 208 : 0. Purchased row materials on account for $120.000 b. Issued $115,000 in raw materials to production ( $22,000 were not traceable to specific jobs). c. Incurred $115,000 in direct labor costs (14,375 hours) and $62,500 in supervision costs (poid in cash). d. Incurred the following additional manufacturing overhead costs: factory lease $24,000 (paid in cash), depreciotion on equipment $20,000; custodial supplies $7,500 (poid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $75,000; sales commissions $88,000. 1. Applied manufacturing overhead to jobs in process at a rate of $10 per direct labor hour. g. Completed jobs costing o total of $345,000 h. Sold jobs for $425,000 on account. The cost of the jobs was $342,000. 1. Closed the Manufacturing Overhead account balance. Required: Prepare the journol entries to record these transactions Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet (1) 2 (3) 45 78:010> Record the entry to apply manufacturing overhead to jobs in process at a rate of direct labor hour. Josie incorporated has provided the following information for the year ended 208 : a. Purchased raw materiais on account for $120,000 b. Issued $115,000 in raw materials to production ( $22,000 were not traceable to specific jobs). c. Incurred $115,000 in direct labor costs (14,375 hours) and $62,500 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs: factory lease $24,000 (poid in cash); depreciation on equipment $20.000; custodial supplies $7,500 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $75,000; sales commissions $88,000. f. Applied manufacturing overhead to Jobs in process at a rate of $10 per direct labor hour. 9. Completed jobs costing o total of $345,000. h. Sold jobs for $425,000 on occount. The cost of the jobs was $342,000. i. Closed the Manufacturing Overheod account balance. Required: Prepore the journal entries to record these transoctions. Note: If no entry is required for a transoction/event, select "No Journol Entry Required" in the first account field. Journal entry worksheet Josie incorporated has provided the following information for the yeor ended 208 : a. Purchased raw materiais on occount for $120,000 b. Issued $115,000 in raw materials to production ( $22,000 were not traceable to specific jobs). c. Incurred $115,000 in direct labor costs (14,375 hours) and $62,500 in supervision costs (paid in cash) d. Incurred the following odditionol manufacturing overhead costs; foctory lease $24,000 (paid in cash), depreciation on equipment $20,000 - custodial supplies $7,500 (paid in cosh) e. Incurred the following nonmonufocturing costs, both paid in cash: advertising $75,000, soles commissions $88,000. f. Appiled manufacturing overhead to jobs in process at a rate of $10 per direct lobor hour. 9. Completed jobs costing o total of $345,000 h. Sold jobs for $425,000 on account. The cost of the jobs was $342,000 1. Closed the Manufactuting Overheod occount balance. Required: Prepare the joumbl entries to record these transoctions. Note: If no entry is required for a transactionievent, select "No Journal Entry Required" in the first account field. Josie Incorporated has provided the following information for the year ended 208 : a. Purchased raw materials on account for $120,000 b. Issued $115,000 in row materials to production ( $22,000 were not traceable to specific jobs) c. Incurred $115,000 in direct labor costs (14,375 hours) and $62,500 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs: factory lease $24,000 (paid in cosh); depreciation on equipment $20,000, custodial supplies $7,500 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $75,000, sales commissions $88,000. f. Applied manufacturing overhead to jobs in process at a rate of $10 per direct labor hour. 9. Completed jobs costing a total of $345,000. h. Sold jobs for $425,000 on account. The cost of the jobs was $342,000. 1. Closed the Manufacturing Overhead account balance. Required: Prepare the journal entries to record these transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entrv worksheet Josie Incorporated has provided the following information for the year ended 208 : a. Purchosed row moterials on occount for $120,000 b. Issued $115,000 in raw materiols to production (\$22,000 were not troceable to specific jobs). c. Incurred $115,000 in direct labor costs (14,375 hours) and $62,500 in supervision costs (paid in cosh) d. Incurred the following additional manufacturing overhead costs; foctory lease $24,000 (paid in cash), depreciation on equipment $20,000, custodial supplies $7,500 (poid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $75,000, sales commissions $88,000. f, Applled manufocturing overhead to jobs in process at a rate of $10 per direct labor hour. 9. Completed jobs costing o total of $345,000 h. Sold jobs for $425,000 on account. The cost of the jobs was $342,000. 1. Closed the Manufocturing Overhead account bolance. Required: Prepare the journal entries to record these transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first occount field. the following nonmanufacturing costs, both paid in cash: ac monufacturing overhead to jobs in process at a rate of $10 ted jobs costing a total of $345,000. s for $425,000 on account. The cost of the jobs was $342,0 the Manufacturing Overhead account balance. journal entries to record these transactions. entry is required for a transaction/event, select "No Journal I rnal entry worksheet ed the following nonmanufacturing costs, both paid in cas ed manufacturing overhead to jobs in process at a rate of ! bleted jobs costing a total of $345,000. obs for $425,000 on account. The cost of the jobs was $3. ad the Manufacturing Overhead account balance. the journal entries to record these transactions. no entry is required for a transaction/event, select "No Jour urnal entry worksheet Manufacturing Overhead account balance. urnal entries to record these transactions. try is required for a transaction/event, select "No Jouri al entry worksheet the following nonmanufacturing costs, both paid in cash: manufacturing overhead to jobs in process at a rate of $10 ted jobs costing a total of $345,000. s for $425,000 on account. The cost of the jobs was $342, the Manufacturing Overhead account balance. journal entries to record these transactions. entry is required for a transaction/event, select "No Journa nal entry worksheet for $425,000 on account. The cost of the jobs was $34 Manufacturing Overhead account balance. burnal entries to record these transactions. itry is required for a transaction/event, select "No Journ hal entry worksheet
