Instruction Chart ofA Instruction $176,000 Materials purchased on account (a) (b) (c) 12,200 Prepaid expenses incurred on account Materials requisitioned: For production orders For general factory use Factory labor used: 153,700 2,700 (d) On production orders 141,300 12,000 37,000 6,100 76,000 105,300 415,300 412,000 638,000 For general factory purposes (e) Depreciation on factory equipment Expiration of prepaid expenses, chargeable to factory (g) Factory overhead costs incurred on account h) Factory overhead applied, based on machine hours 0 Jobs finished ) Jobs shipped to customers: Cost Selling price (assume all sold on account) Required: Present entries to record the above summarized operations related to production for a company using a job order cost system. Refer to the Chart of Accounts for exact wording of account titios. Checok My Work 10 more Chreck My Work unes remaining 10 more Check My Work uses remaining. Next Email Instructor Save and Exit Submit Test for Grading CHART OF ACCOUNTS General Ledger REVENUE ASSETS 410 Sales 110 Cash 610 Interest Revenue 121 Accounts Receivable 31 Materials 33 Work in Process 35 Factory Overhead 137 Finished Goods EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Insurance Expense 532 Ultilities Expense 33 Office Supplies Expense 560 Depreciation Expense 590 Miscellaneous Expense 710 Interest Expense 141 Supplies 142 Prepaid Expenses 181 Land 190 Factory Equipment 191 Accumulated Depreciation-Factory Equipment LIABILITIES 210 Accounts Payable 221 Utlities Payable 251 Wages Payable EQUITY 311 Common Stock 340 Retained Eamings 351 Dividends Caloulator EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary General Journal Present entries to record the following summarized operations related to production for a company using a job order cost system on December 31 Refer to the Chart of Accounts for exact wording of account titles a) Materials purchased on account b) Prepaid expenses incurred on account (c) Materials requisitioned: $176,000 12,200 For production orders For general factory use Factory labor used: 153,700 2,700 (d) On production orders 141,300 12,000 37,000 6,100 76,000 105,300 For general factory purposes (e) Depreciation on factory equipment ) Expiration of prepaid expenses, chargeable to factory (g) Factory overhead costs incurred on account (h) Factory overhead applied, based on machine hours Print Item ulator 105,300 415,300 412,000 638,000 (h) Factory overhead applied, based on machine hours 0 Jobs finished Q Jobs shipped to customers: Cost Selling price (assume all sold on account) PAGE JOURNAL DATE DESCRIPTION POST. REF DEBIT CREDIT 10 12 13 34 Check My Work 10 more Check My Work uses remainim Print item Calculator Check My Work 10 more Check My Work uses remaining