Instant Thumbs Up It's just ten tables of information ( word bank is )
Journal Choices No Journal Entry Req Accounts Payable Accounts Rec Accumulated Deprciation Advertising Expense Cash Commissioins Expense Cost of goods sold cost of repairs completed and sold Finished Goods Inventory Garage Shop Overhead Costs General And admin salary expense manufacturing overhead non-manufacturing expenses Prepaid Rent Raw materials Inventory Repair Jobs in process Salary Payable Sales Revenue Selling and Administrative Expenses Service Revenue Work in Process Inventory
Problem 2-123 (Algo) (LO 2-4,2-5, 2-S1) Josie Inc. has provided the following information for the year ended 20x8: a. Purchased raw materials on account for $120,100. b. Issued $114,200 in raw materials to production ($21,900 were not traceable to specific jobs). c. Incurred $100,688 in direct labor costs (14,384 hours) and $62,200 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs: factory lease $22,300 (paid in cash); depreciation on equipment $19,500; custodial supplies $7,100 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $74,100; sales commissions $86,200. f. Applied manufacturing overhead to jobs in process at a rate of $10 per direct labor hour. g. Completed jobs costing a total of $344,900. h. Sold jobs for $426,100 on account. The cost of the jobs was $342,000. i. Closed the Manufacturing Overhead account balance. Prepare the journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 10 > Record purchase of raw material on account. Note: Enter debits before credits. Event General Journal Debit Credit Journal entry worksheet 2 3 4 5 6 7 8 9 10 Record issue in raw materials to production (including the part which is not traceable to specific jobs). Note: Enter debits before credits. Event General Journal Debit Credit Journal entry worksheet 17 4 5 6 7 8 9 10 Record the entry for direct labor costs and supervision costs (paid in cash). Note: Enter debits before credits. Event General Journal Debit Credit Journal entry worksheet Record the entry for additional manufacturing overhead costs: factory leases (paid in cash); depreciation on equipment; custodial supplies (paid in cash). Note: Enter debits before credits. Event General Journal Debit Credit Journal entry worksheet Record the entry for nonmanufacturing costs, both paid in cash: advertising; sales commissions. Note: Enter debits before credits. Event General Journal Debit Credit Journal entry worksheet Record the entry to apply manufacturing overhead to jobs in process at a rate of direct labor hour. Note: Enter debits before credits. Event General Journal Debit Credit Journal entry worksheet Record the entry to transfer completed jobs. Note: Enter debits before credits. Event General Journal Debit Credit g. Journal entry worksheet Record the sale of jobs on account. Note: Enter debits before credits. General Journal Debit Credit Event h(1) Clear entry Viwaoneralioumal Journal entry worksheet
