Journalize the entries.

January 2 NN 2 o o o o www 28 28 28 28 28 29 Table 3: Heavenly Creations Entries Journal Entries for the Month Heaven invested $10,000 in cash into Heavenly Creations Heaven bought indirect ingredients for the cakes in the amount of $2,279 and indirect ingredients in the amount of $150 on account Heaven signed an agreement for a cell phone on account Heaven signed a rental agreement on account for a cash register Heaven purchased a new oven and paid cash Heaven paid her vendors for the cake ingredients bought on account Heaven started using the direct materials to make cakes Recognized payable for Brianna and Alexis direct wages Recognized payable for Heaven's first month of salary Recognized Aunt Ellen wages for supervising nieces Recognized Professor's fee for accounting work Apply Manufacturing Overhead to Production Paid payables for cash register and phone Recorded completion of cakes that are available for sale Recorded Cash Sale of Cakes Record Payment of Indirect Product Cost - Utilities and Rent Paid Labor for Month Recorded Depreciation of Oven Recorded MOH Allocation Adjustment Recorded Raw Material Inventory Adjustment 29 29 31 TABLE 1: COST INFORMATION Item and Ingredients Conventional oven Standard per Cake n/a Cost $6,000 (depreciated over 5 years on a Straight-Line basis No salvage value) Refrigerator Baking pans, licenses Baking flour Eggs Sugar Baking soda Butter Raisins Others (currants, diced date, nutmeg, molasses) Cash Register $0 (provided by the landlord) $0 (paid for by dad) $24 per 8 pounds bag $2 per dozen $15 per 25 pounds bag $6 per 14 pounds box $6.50 per 4 pounds $8 per 2 pounds n/a 1 pound 4 eggs 1 pound 1 pound 1/2 pound $30 for all 4 boxes per month $12 per month (rental for 2 years) $12 per bottle $50 per month 14 quarter of bottle Rum (alcohol) Utilities (includes gas, electric and water) Mobile phone (business) Salary-Heaven Salary - nieces Salary-aunt Accountant Rent Estimated MOH $50 per month $500 per month $8 per hour $100 per month $100 per month $600 per month $4.00 per cake 1 person 1.5 hours per cake Cake Table 4: Chart of Accounts Assets Liabilities Cash Accounts Payable Raw Material Inventory Salaries Payable Work In Process Inventory Finished Goods Inventory Equity Equipment - Oven Capital, Heaven Jones Accum. Depreciation Revenue Sales Cost Manufacturing Overhead Cost of Goods Sold Expense S&A Expenses B G Date E Accounts and Explanation H Debit 1 Credit 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39