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, $$870.$

$10$ Paid electricity bill, $$210.$

$15$ Paid repair expense, $$1,590.$

$21$ Vacation pay for machine operator, $$450($Wages Payable$).$

$31$ Depreciation expense for the month, $$480.$

$31$ Factory overhead applied was $$3,440.$

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: $1$

DATE

ACCOUNT TITLE

DOC. POST.

NO$.$ REF.

DEBIT

CREDIT

$120--$ Jan. $1$

$$

$2$

$3$

$4$ Jan. $10$

Factory Overhead $-$ Electricity $$

$3$

$4$