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, $1,150.
10	Paid electricity bill, $260.
15	Paid repair expense, $1,470.
21	Vacation pay for machine operator, $540 (Wages Payable).
31	Depreciation expense for the month, $480.
31	Factory overhead applied was $3,700.

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.

Page: 1

	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT
1	20-- Jan. 1				fill in the blank 2	fill in the blank 3	1
2					fill in the blank 5	fill in the blank 6	2
3							3
4	Jan. 10				fill in the blank 8	fill in the blank 9	4
5					fill in the blank 11	fill in the blank 12	5
6							6
7	Jan. 15				fill in the blank 14	fill in the blank 15	7
8					fill in the blank 17	fill in the blank 18	8
9							9
10	Jan. 21				fill in the blank 20	fill in the blank 21	10
11					fill in the blank 23	fill in the blank 24	11
12							12
13	Jan. 31				fill in the blank 26	fill in the blank 27	13
14					fill in the blank 29	fill in the blank 30	14
15							15
16	Jan. 31				fill in the blank 32	fill in the blank 33	16
17					fill in the blank 35	fill in the blank 36	17
18							18
19	Jan. 31				fill in the blank 38	fill in the blank 39	19
20					fill in the blank 41	fill in the blank 42	20
21		Record under- or overapplied overhead					21