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Journalize the following transactions for Judy's Sofas. Explanations are not required (Click the icon to view the transactions.) Record debits first, then credits. Exclude explanations
Journalize the following transactions for Judy's Sofas. Explanations are not required (Click the icon to view the transactions.) Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,300 Date Debit Credit iMore Info b. Incurred manufacturing wages of $10,000, 60% of which was direct labor and 40% of which was indirect labor a. Incurred and paid Web site expenses, $2.300 b. Incurred manufacturing wages of $10,000, 60% of which was direct labor and 40% of which was Date Debit Credit indirect labor c. Purchased raw materials on account, $14,000 d. Used in production: direct materials, $6,000; indirect materials, $2,500 e. Recorded manufacturing overhead: depreciation on plant, $11,000 plant insurance (previously paid), $1,600, plant property tax, 3,500 (credit Property Tax Payable) f. Allocated manufacturing overhead to jobs. 150% of direct labor costs. g. Completed production on jobs with costs of $32,000 h. Sold inventory on account, $24,000, cost of goods sold, $12,000 i. Adjusted for overallocated or underallocated overhead. c. Purchased raw materials on account, $14,000. Date Debit Credit PrintDone d. Used in production: direct materials, $6,000; indirect materials, $2,500 Date Accounts Debit Credit d. e. Recorded manufacturing overhead: depreciation on plant, $11,000; plant insurance (previously paid),1,600; plant property tax, $3,500 (credit Property Tax Payable). (Prepare a compound entry.) Date Debit Credit f. Allocated manufacturing overhead to jobs, 150% of direct labor costs Date Accounts Debit Credit g. Completed production on jobs with costs of $32,000. Date Accounts Debit Credit h. Sold inventory on account, $24,000; cost of goods sold, $12,000. Begin by recording the revenue from the sales on account. Do not record the expense related to the sale in this journal entry. We will do that in the next step. Date Accounts Debit Credit Now record the expense related to the sale Date Accounts Debit Credit i. Adjusted for overallocated or underallocated overhead Date Accounts Debit Credit
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