JOURNAL ENTRIES IN A JOB ORDER COST ACCOUNTING SYSTEM

Convert to a Journal Form

GENERAL JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 1 2 2 3 3 4 5 5 6 7 8 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 JOURNAL ENTRIES IN A JOB ORDER COST ACCOUNTING SYSTEM Record the following entries for Jen Manufacturing. (ASK YOUR INSTRUCTOR FOR A JOURNAL FORM) 1. Purchased materials costing $20,000 on account. 2. Materials costing $13,000 were requisitioned for use in making specific customer jobs. An additional $1,000 in materials was requisitioned for general factory use. 3. $7,800 was paid to direct laborers. An additional $9,500 was paid to factory employees who do not work directly on Jen's products. 4. Factory overhead expenses totaling $5,000 were paid in cash. 5. $3,700 in depreciation was recorded on factory machines. 6. Overhead was applied to production using a predetermined rate of $24.50 per direct labor hour. Jen used 780 direct labor hours during the period. 7. Jobs costing $38,000 were completed. 8. Jobs costing $32,000 were sold to credit customers for $55,000