Josie Inc. has provided the following information for the year ended 20x8: a. Purchased raw materials on account for $121,100. b. Issued $114,400 in raw materials to production ($20,900 were not traceable to specific jobs). C. Incurred $115,032 in direct labor costs (14,379 hours) and $61,200 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs: factory lease $22,700 (paid in cash); depreciation on equipment $19,100; custodial supplies $5,900 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $73,800; sales commissions $87,100. f. Applied manufacturing overhead to jobs in process at a rate of $10 per direct labor hour. g. Completed jobs costing a total of $343,400. h. Sold jobs for $426,200 on account. The cost of the jobs was $340,000. 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.) Journal entry worksheet Record purchase of raw material on account. Note: Enter debits before credits. Event General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet 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 b Record entry Clear entry View general journal Journal entry worksheet Record the entry for direct labor costs and supervision costs (paid in cash). Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal 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 d Record entry Clear entry View general journal 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 e Record entry Clear entry View general journal 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 f Record entry Clear entry View general journal Journal entry worksheet Record the entry to transfer completed jobs. Note: Enter debits before credits. Event General Journal Debit Credit g Record entry Clear entry View general journal Journal entry worksheet Record the sale of jobs on account. Note: Enter debits before credits. Event General Journal Debit Credit h(1) Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 > Record the entry for cost of the jobs sold. Note: Enter debits before credits. Event General Journal Debit Credit h(2) Record entry Clear entry View general journal Journal entry worksheet
