Josie Incorporated has provided the followinf information for the year. Prepare the 10 journal entries to record thsese transactions.
Josle Incorporated has provided the following information for the year ended 208 : a. Purchased raw materials on account for $121,000. b. Issued. $114,100 in raw materials to production ( $21,900 were not traceable to specific jobs). c. Incurred $129,492 in direct labor costs (14,388 hours) and $61,100 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs; factory lease $23,700 (paid in cash); depreciation on equipment $19,500; custodial supplies $6,800 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $73,700; sales commissions $87,900. 1. Applied manufacturing overhead to jobs in process at a rate of $11 per direct, labor hour. g. Completed jobs costing a total of $344,900 h. Sold jobs for $426,600 on account. The cost of the jobs was $340,500. 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. Josle Incorporated has provided the following information for the year ended 208 : a. Purchased raw materials on account for $121,000. b. Issued. $114,100 in raw materials to production ( $21,900 were not traceable to specific jobs). c. Incurred $129,492 in direct labor costs (14,388 hours) and $61,100 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs; factory lease $23,700 (paid in cash); depreciation on equipment $19,500; custodial supplies $6,800 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $73,700; sales commissions $87,900. 1. Applied manufacturing overhead to jobs in process at a rate of $11 per direct, labor hour. g. Completed jobs costing a total of $344,900 h. Sold jobs for $426,600 on account. The cost of the jobs was $340,500. 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