I need help with my General Journal for December 30th

12/20/19 223 5100 1430 Costs of Good Sold Finished Goods 346,500 346,50 12/24/19 Work in Process 224 120,000 Raw Material-Denim 120,000 12/30/19 224 40,000 Work in Process Wages Payable Finished half of Belt Buckle job 40,000 0 1 12/30/19 Work in Process 225 225,000 2] Raw Materials-Denim 225,000 3 4 12/30/19 5 6 7 0 Posted to G/L Date Acct # Account Name Job Debit Credit 12 14 15 16 or 17 18 19 20 plete the worksheet below related to depreciation expense: Sewing machines Washers and drvers ANNUAL MONTHLY $15,000 1250 $10,000 834 $10,000.8 34 $10,000 1625 $24,000 11500 Other equipment Computers Building Production Equipment Computers Building 100% MOH 25% Administrative 75% 25% 75% MOH Administrative MOH Monthly Depreciation Expense: 1500 500 2117.00 625 209 27 Denim was requisitioned into Work-in-Process for Belt Buckle Job #224. 27 Requisitioned notions/supplies (indirect materials) for Belt Buckle Job #224. 27 Cool Creed accepted the design work and was assigned Job #225. The contract price is $40 per pair. 30 Completed one-half of the sewing direct labor on Job #224 for Belt Buckle. 30 Job #225 direct materials were requisitioned into Work-in-process. No work has been completed on the job as of month-end. 30 Paid $25,000 of principal and $1,250 of interest expense on the Note Payable to First Bank. Paid $10,000 on the mortgage principal and $800 of interest expense to Commerce Bank. 30 Recorded and paid the following administrative and selling expenses Administrative & selling costs $12,750 per Apex Payroll Service's invoice No. 18633 (includes payroll and payroll taxes). Office supplies and utilities $450. Payroll services expense $200. MONTH-END ENTRIES 1. The following information about indirect labor comes from the payroll service company on an Employee Time Record Summary Report at the end of the month. (Recall that information about direct labor workers is received weekly on other Employee Time Record Summary Reports). Indirect labor recorded as manufacturing overhead. 10 Two supervisors are paid $60,000 each per year. Their salary is divided evenly between the months and the pay periods. One designer is paid $30 per hour and works 35 hours per week. Assume four weeks in a L month. Two inspectors are paid $20 per hour and work 40-hour weeks. Assume four weeks in al month. aby mt Payroll taxes for the month were accrued in the amount of $37,215 for workers in the manufacturing process (includes both direct and indirect labor) per Apex Payroll Service's invoice No. 18633. 2. At the end of the month, overhead is accrued for various manufacturing-related expenses (other than indirect labor) in the amount of $15,000. MH 3. Depreciation on equipment and the building is recorded on December 31. Refer to the Equipment and Building section in the Background material for the annual dollar amounts. Record only the month of December 2019. Separate the charge (debit) between Manufacturing Overhead and Other Selling and Administrative Expenses. Separate the Accumulated Depreciation into Building and Equipment. so 60,000 34201 One designer is paid $30 per hour and works 35 hours per week. Assume four weeks in a month. Two inspectors are paid $20 per hour and work 40-hour weeks. Assume four weeks in month. $4,400 mt Payroll taxes for the month were accrued in the amount of $37,215 for workers in the manufacturing process (includes both direct and indirect labor) per Apex Payroll Service's invoice No. 18633. 2. At the end of the month, overhead is accrued for various manufacturing-related expenses (other than indirect labor) in the amount of $15,000. MH 3. Depreciation on equipment and the building is recorded on December 31. Refer to the Equipment and Building section in the Background material for the annual dollar amounts. Record only the month of December 2019. Separate the charge (debit) between Manufacturing Overhead and Other Selling and Administrative Expenses. Separate the ide Accumulated Depreciation into Building and Equipment. 5042 YEAR-END ENTRIES Gatsby's year-end procedures include determining over- or under-applied manufacturing overhead and adjusting the Cost of Goods Sold for the difference. 60,000/12 Gatsby closes out its temporary accounts (i.e., income statement or nominal accounts) to retained earnings in order to start the next accounting period with zero balances in the revenue and cost/expense accounts. 12/20/19 223 5100 1430 Costs of Good Sold Finished Goods 346,500 346,50 12/24/19 Work in Process 224 120,000 Raw Material-Denim 120,000 12/30/19 224 40,000 Work in Process Wages Payable Finished half of Belt Buckle job 40,000 0 1 12/30/19 Work in Process 225 225,000 2] Raw Materials-Denim 225,000 3 4 12/30/19 5 6 7 0 Posted to G/L Date Acct # Account Name Job Debit Credit 12 14 15 16 or 17 18 19 20 plete the worksheet below related to depreciation expense: Sewing machines Washers and drvers ANNUAL MONTHLY $15,000 1250 $10,000 834 $10,000.8 34 $10,000 1625 $24,000 11500 Other equipment Computers Building Production Equipment Computers Building 100% MOH 25% Administrative 75% 25% 75% MOH Administrative MOH Monthly Depreciation Expense: 1500 500 2117.00 625 209 27 Denim was requisitioned into Work-in-Process for Belt Buckle Job #224. 27 Requisitioned notions/supplies (indirect materials) for Belt Buckle Job #224. 27 Cool Creed accepted the design work and was assigned Job #225. The contract price is $40 per pair. 30 Completed one-half of the sewing direct labor on Job #224 for Belt Buckle. 30 Job #225 direct materials were requisitioned into Work-in-process. No work has been completed on the job as of month-end. 30 Paid $25,000 of principal and $1,250 of interest expense on the Note Payable to First Bank. Paid $10,000 on the mortgage principal and $800 of interest expense to Commerce Bank. 30 Recorded and paid the following administrative and selling expenses Administrative & selling costs $12,750 per Apex Payroll Service's invoice No. 18633 (includes payroll and payroll taxes). Office supplies and utilities $450. Payroll services expense $200. MONTH-END ENTRIES 1. The following information about indirect labor comes from the payroll service company on an Employee Time Record Summary Report at the end of the month. (Recall that information about direct labor workers is received weekly on other Employee Time Record Summary Reports). Indirect labor recorded as manufacturing overhead. 10 Two supervisors are paid $60,000 each per year. Their salary is divided evenly between the months and the pay periods. One designer is paid $30 per hour and works 35 hours per week. Assume four weeks in a L month. Two inspectors are paid $20 per hour and work 40-hour weeks. Assume four weeks in al month. aby mt Payroll taxes for the month were accrued in the amount of $37,215 for workers in the manufacturing process (includes both direct and indirect labor) per Apex Payroll Service's invoice No. 18633. 2. At the end of the month, overhead is accrued for various manufacturing-related expenses (other than indirect labor) in the amount of $15,000. MH 3. Depreciation on equipment and the building is recorded on December 31. Refer to the Equipment and Building section in the Background material for the annual dollar amounts. Record only the month of December 2019. Separate the charge (debit) between Manufacturing Overhead and Other Selling and Administrative Expenses. Separate the Accumulated Depreciation into Building and Equipment. so 60,000 34201 One designer is paid $30 per hour and works 35 hours per week. Assume four weeks in a month. Two inspectors are paid $20 per hour and work 40-hour weeks. Assume four weeks in month. $4,400 mt Payroll taxes for the month were accrued in the amount of $37,215 for workers in the manufacturing process (includes both direct and indirect labor) per Apex Payroll Service's invoice No. 18633. 2. At the end of the month, overhead is accrued for various manufacturing-related expenses (other than indirect labor) in the amount of $15,000. MH 3. Depreciation on equipment and the building is recorded on December 31. Refer to the Equipment and Building section in the Background material for the annual dollar amounts. Record only the month of December 2019. Separate the charge (debit) between Manufacturing Overhead and Other Selling and Administrative Expenses. Separate the ide Accumulated Depreciation into Building and Equipment. 5042 YEAR-END ENTRIES Gatsby's year-end procedures include determining over- or under-applied manufacturing overhead and adjusting the Cost of Goods Sold for the difference. 60,000/12 Gatsby closes out its temporary accounts (i.e., income statement or nominal accounts) to retained earnings in order to start the next accounting period with zero balances in the revenue and cost/expense accounts