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, $1,000.
10	Paid electricity bill, $250.
15	Paid repair expense, $1,500.
21	Vacation pay for machine operator, $500 (Wages Payable).
31	Depreciation expense for the month, $450.
31	Factory overhead applied was $3,500.

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.

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ROW NUMBER	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT	ROW NUMBER
1	20-- Jan. 1	Accounts PayableBuildingFactory Overhead - RentWages Payable	blank	blank	- Select -	- Select -	1
2	blank	Accumulated DepreciationCashPurchasesWages Payable	blank	blank	- Select -	- Select -	2
3	blank	blank	blank	blank	blank	blank	3
4	Jan. 10	Accounts PayableAccumulated DepreciationFactory Overhead - ElectricityWages Payable	blank	blank	- Select -	- Select -	4
5	blank	Accounts PayableAccumulated DepreciationCashWages Payable	blank	blank	- Select -	- Select -	5
6	blank	blank	blank	blank	blank	blank	6
7	Jan. 15	Accounts PayableAccumulated DepreciationFactory Overhead - RepairsWages Payable	blank	blank	- Select -	- Select -	7
8	blank	Accounts PayableAccumulated DepreciationCashWages Payable	blank	blank	- Select -	- Select -	8
9	blank	blank	blank	blank	blank	blank	9
10	Jan. 21	Accounts PayableAccumulated DepreciationCashFactory Overhead - Vacation Pay	blank	blank	- Select -	- Select -	10
11	blank	Accounts PayableAccumulated DepreciationCashWages Payable	blank	blank	- Select -	- Select -	11
12	blank	blank	blank	blank	blank	blank	12
13	Jan. 31	Accumulated DepreciationCashFactory Overhead - DepreciationWages Payable	blank	blank	- Select -	- Select -	13
14	blank	Accounts PayableAccumulated DepreciationCashWages Payable	blank	blank	- Select -	- Select -	14
15	blank	blank	blank	blank	blank	blank	15
16	Jan. 31	Accumulated DepreciationCashWages PayableWork in Process	blank	blank	- Select -	- Select -	16
17	blank	Accounts PayableAccumulated DepreciationCashFactory Overhead	blank	blank	- Select -	- Select -	17
18	blank	blank	blank	blank	blank	blank	18
19	Jan. 31	Accumulated DepreciationCashCost of Goods SoldWages Payable	blank	blank	- Select -	- Select -	19
20	blank	Accumulated DepreciationBuildingCashFactory Overhead	blank	blank	- Select -	- Select -	20
21	blank	Record under- or overapplied overhead	blank	blank	blank	blank	21