Journal Entries for the following:

#13 - Prepare adjusting entries for depreciation for one month. Use straight-line depreciation

and no salvage value (refer to the chart of accounts/trial balance for the historical cost of each).

Factory Building 40-year life

Factory Machinery 15-year life

Office Building 30-year life

Office Equipment 10-year life

Accounts Debit Credit

#14 - Factory overhead is applied to production at 75% of direct labor dollars.

Accounts Debit Credit

Job Cost Sheet

Job Order No. 107 Units: 1,600

Direct Materials

Direct Labor

Applied Overhead

$5,400

$6,400

$4,800

$62,000

76,000

Cost Summary

Direct materials__________	Cost per unit
Direct labor __________	Units sold: ________
Overhead ________	Units remaining

Total ________________

#15 - Job #107 is complete and ready for sale. Prepare the necessary entry to transfer the cost of

the job.

Accounts Debit Credit

\begin{tabular}{|lr|r|} \hline \multicolumn{1}{|c|}{ Account Name } & \multicolumn{1}{c|}{ Debit } & \multicolumn{1}{c|}{ Credit } \\ \hline Cash & 87,840 & \\ \hline Accounts Receivable & 184,000 & \\ \hline Manufacturing Overhead & & \\ \hline Raw Materials Inventory & 12,500 & \\ \hline Work in Process Inventory & 16,600 & \\ \hline Finished Goods Inventory & 35,750 & \\ \hline Land & 64,000 & \\ \hline Factory Building & 675,000 & \\ \hline Factory Machinery & 180,000 & \\ \hline Office Building & 270,000 & \\ \hline Office Equipment & 48,000 & \\ \hline Accumulated Depreciation & & 351,900 \\ \hline Accounts Payable & & 82,000 \\ \hline Notes Payable & & \\ \hline Property Taxes Payable & & \\ \hline Interest Payable & & \\ \hline Common Stock $10 Par Value & & \\ \hline APIC & & \\ \hline Retained Earnings & & \\ \hline Sales Revenue & & \\ \hline Selling and Administrative Expenses & & \\ \hline Cost of Goods Sold & & \\ \hline Interest Expense & & \\ \hline Total & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}