Journal Entries please..Thank you!

Jan. 17. Requisitioned $2,235.00 of indirect materials and factory supplies to be used in all factory jobs currently in process. (Materials Requisition No. 1684).

Jan. 17. Signed a contract with Extreme Board Systems for the manufacture of 77 units R1 (Racing 1) custom stand up paddle (SUP) boards. The promise date is February 15. The Company began the job today, applying $8,440.000 of direct materials to Job No. 1407). (Materials Requisition No. 1685).

17. Paid the sales manager of Hydro Paddle Boards, Inc. $285.24 for customer entertaining.

18. Received a report from the treasurer that Blue Runner Sports Dealers, one of our customers, has declared bankruptcy $4,346.00. Wrote off the balance owed to Hydro Paddle Boards, Inc. by Blue Runner Sports Dealers.

18. Sold and shipped Job No. 1405 to A.J. Outfitters Company. Refer to that jobs Cost Record the total cost of the job to determine the selling price.

22. Purchased $20,464.32 of direct materials from K.C. Epoxy Supply Company, credit terms net 30 days.

22. Accepted a job for the manufacture of 28 units R2 (Racing 2SUP) for Flour Oceanic Designers. The promise date is January 31. The Company began the job today, applying $4,936.20 of direct materials to Job No. 1408. (Materials Requisition No. 1686).

January 24. Paid GT Matrix Corporation the amount due today form the January 9 purchase.

25. Applied $3,320.00 of direct labor to Job No. 1402, which will complete the job. (Time Ticket No. 262). Applied factory overhead using the appropriate rate. Transferred the completed job to the finished goods account.

26. Sold and shipped Job No. 1402 to the appropriate customer. Refer to that jobs Cost Record for the total cost of the job to determine the selling price.

26. Applied $7,280.00 of direct labor to Job No. 1408, which will complete the job. (Time No. 264). Applied factory overhead using the appropriate rate. Transferred the completed job to the finished goods account.

29. Sold shipped Job No. 1408 to the appropriate customer. Refer to the Job Cost Record for the total cost of the job for billing purposes.

29. Paid D H20 Corp. amount due in payment of the January 1 balance. 29. Received a check from HP SUP Inc. for the amount due after the discount period has expired.

29. Paid Post Office $1,000.00 for postage added to postage meter. Expense this amount.

29. Paid Telephone Company $500.00 for January phone service. 29. Paid Island Signs & Advertising Company $2,000.00 for designing ads for our new Internet website.

29. Paid Atlantic Power and Light Company $8,432.00 for heat, power, and light. Allocate 25% of this amount to Electricity Expense and 75% to Factory Overhead.

31. Applied $2,000.00 of direct labor to Job No. 1404. (Time Ticket No. 266). 31. Applied $8,440.00 of direct labor to Job No. 1407. (Time Ticket No. 268). Applied factory overhead using the appropriate rate. This job will not be completed unit March.

31. Applied $2,320.00 of direct labor to Job No. 1406. (Time Ticket No. 270). Applied factory overhead using the appropriate rate. This job will not be completed until February.

31. Received the following data on the monthly payroll from the payroll clerk: Direct labor (already recorded) .. $46,033.00

New payroll data (to be recorded):

Factory:

Indirect --------------------------------------------------------------------------$22,440.00

Superintendents salary ----------------------------------------------------$ 6,200.00

Nonfactory:

Sales Salaries --------------------------------------------------------------- $ 23,950.00

Officers Salaries ------------------------------------------------------------- $14,280.00

Office Salaries ----------------------------------------------------------------- $12,620.25

Record the monthly payroll in the general journal. Remember that direct labor payroll already has been recorded as it was incurred in January. Salaries for indirect labor are recorded only at the end of the month. Debit Factory Overhead for Indirect Labor and Superintendents salaries, debit other expense accounts for the appropriate amounts, credit FICA Tax Payable for 7.5% of gross pay, credit Employees Income Tax Payable for 15% of gross pay, and credit Salaries Payable for the net pay.

31. Record the employer payroll taxes for January. All payroll taxes relating to factory personnel are debited to Factory Overhead; all payroll taxes related to nonfactory personnel are debited to Payroll Taxes ExpenseGeneral. Use a simplified FICA tax rate of 7.5% of gross pay, a state unemployment tax rate of 5.4%, and a federal unemployment tax rate of 0.8%. Since this is the first month in the current year, no employee has reached the ceilings on the payroll taxes. Use the form on page 46 (optional) to determine the amounts for the journal entry.

31. Received a check form SaltWaterHut.com for the amount due after the discount period has expired. 31. Received a check from Fiji Stand-Up Paddle Board Co. for the amount due after the discount period has expired. January 31. Paid all employees for wages earned in January. 31. Purchased $16,428.00 of direct materials on account form Light Hardware. Inc.