journal entry for April's transactions

Perry Co's March 31 Inventory of raw materials is $140.000 Raw materials purchases in April are $650,000, and factory payroll cost in April is $519,000. Overhead costs incurred in April are Indirect materials, $100,000 indirect labor, $59,000, factory rent. $64,000, factory utilities, $43.000; and factory equipment depreciation $63,000. The predetermined overhead rate is 70% of direct labor cost Job 306 is sold for $940,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 3ob305 Balances on March 31 Direct materials $ 53,000 $ 71,000 Direct labor 44,000 30,000 Applied overhead 30,800 21,000 Costs during April Direct materials 159,000 256,000 $124,000 Direct labor 133,000 210,000 217.000 Applied overhead Status on April 30 Finished Finished In process (sola) (unsold) > Complete this question by entering your answers in the tabs below. Cost of Goods MO Gross Pront General General Requirement Trial Balance Journal Ledger Job Costs Prepare journal entries for the month of April's transactions. View transaction Bat Journal entry worksheet 1 4 5 0 7 8 13 > a. Record the purchase of materials (on credit). Account Tile Delt Chet Journal entry worksheet Prev Search Journal entry worksheet Prey 1 of 3 Journal entry worksheet 7 8 10 11 13 ..... ..... f4. Record the cost of factory rent, paid in cash. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal Journal entry worksheet ..... Go g. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal .... h. Record the cost of goods sold for Job 306. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general joumal View transaction list Journal entry worksheet i. Record the revenue from the cash sale of Job 306. Note: Enter debits before credits. Account Title Debit Credit Date Apr 30 Record entry Clear entry View general journal Journal entry worksheet j. Record the assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.) Note: Enter debits before credits. Account Title Debit Credit Date Apr 30 Record entry Clear entry View general journal