Journal Entries for Factory Overhead

Huang Company manufactures toys. It keeps a factory overhead account where actual factory overhead costs are recorded as a debit, and factory overhead applied is recorded as a credit. At the end of the month, under- or overapplied factory overhead is calculated and transferred to the cost of goods sold account. For the month of January, Huang had the following overhead transactions.

Jan. 1	Paid rent, $1,050.
10	Paid electricity bill, $210.
15	Paid repair expense, $1,370.
21	Vacation pay for machine operator, $550 (Wages Payable).
31	Depreciation expense for the month, $480.
31	Factory overhead applied was $3,490.

Make appropriate general journal entries to record factory overhead and factory overhead applied, and to close the under- or overapplied factory overhead to the cost of goods sold account. If an amount box does not require an entry, leave it blank.

Note: For January 31, record the entry to apply the factory overhead first. Then make the appropriate entry to record any underapplied or overapplied factory overhead.

Page: 1

ROW NUMBER	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT	ROW NUMBER
1	20-- Jan. 1	CashCost of Goods SoldFactory Overhead - RentFactory Overhead ExpenseWages PayableWork in Process	blank	blank	- Select -	- Select -	1
2	blank	CashCost of Goods SoldFactory Overhead - RentWages PayableWork in Process	blank	blank	- Select -	- Select -	2
3	blank	blank	blank	blank	blank	blank	3
4	Jan. 10	Accumulated DepreciationCashFactory Overhead - ElectricityFactory Overhead PayableWages PayableWork in Process	blank	blank	- Select -	- Select -	4
5	blank	Accumulated DepreciationCashFactory Overhead - ElectricityWages PayableWork in Process	blank	blank	- Select -	- Select -	5
6	blank	blank	blank	blank	blank	blank	6
7	Jan. 15	Accumulated DepreciationCashCost of Goods SoldFactory Overhead - RepairsWork in ProcessFactory Overhead - Repairs Payable	blank	blank	- Select -	- Select -	7
8	blank	Accumulated DepreciationCashCost of Goods SoldFactory Overhead - RepairsWork in Process	blank	blank	- Select -	- Select -	8
9	blank	blank	blank	blank	blank	blank	9
10	Jan. 21	Accumulated DepreciationFactory Overhead - Wages PayableCashCost of Goods SoldFactory Overhead - Vacation PayWages Payable	blank	blank	- Select -	- Select -	10
11	blank	Accumulated DepreciationCashCost of Goods SoldFactory Overhead - Vacation PayWages Payable	blank	blank	- Select -	- Select -	11
12	blank	blank	blank	blank	blank	blank	12
13	Jan. 31	Accumulated DepreciationCashCost of Goods SoldFactory Overhead - DepreciationFactory Overhead - LiabilityWork in Process	blank	blank	- Select -	- Select -	13
14	blank	Accumulated DepreciationCashCost of Goods SoldFactory Overhead - DepreciationWork in Process	blank	blank	- Select -	- Select -	14
15	blank	blank	blank	blank	blank	blank	15
16	Jan. 31	Accumulated DepreciationCashCost of Goods SoldFactory OverheadWork in Process LiabilityWork in Process	blank	blank	- Select -	- Select -	16
17	blank	Accumulated DepreciationCashCost of Goods SoldFactory OverheadWork in Process	blank	blank	- Select -	- Select -	17
18	blank	blank	blank	blank	blank	blank	18
19	blank	Accumulated DepreciationCashCost of Goods SoldCost of Goods ManufacturedFactory OverheadWork in Process	blank	blank	- Select -	- Select -	19
20	blank	Accumulated DepreciationCashCost of Goods SoldFactory OverheadWork in Process	blank	blank	- Select -	- Select -	20
21	blank	blank	blank	blank	blank	blank	21