Journalize the following transactions for Marge's SofasMarge's Sofas.

SOLVE ONLY FOR i. Adjusted for overallocated or underallocated overhead.

Given information

a.Incurred and paid Web site expenses $2,000.

b.Incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was indirect labor.

c.Purchased raw materials on account $24,000.

d.Used in production: direct materials,$7,500 ;indirect materials,$5,000.

e.Recorded manufacturing overhead: depreciation on plant,$18,000;plant insurance (previously paid),$1,500;plant property tax, $3,900(credit Property Tax Payable).

f.Allocated manufacturing overhead to jobs, 200%

of direct labor costs.

g.Completed production on jobs with costs of $40,000.

h.Sold inventory on account 22,000;cost of goods sold $ 18,000

i.Adjusted for overallocated or underallocated overhead.

(Record debits first, then credits. Exclude explanations from any journal entries.)

a. Incurred and paid Web site expenses,$2,000.

Date			Accounts	Debit	Credit
a.			Website Expenses	2,000
			Cash		2,000

b. Incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was indirect labor.

Date			Accounts	Debit	Credit
b.			Work-in-Process Inventory	11,250
			Manufacturing Overhead	3,750
			Wages Payable		15,000

c. Purchased raw materials on account, $24,000.

Date			Accounts	Debit	Credit
c.			Raw Materials Inventory	24,000
			Accounts Payable		24,000

d. Used in production: direct materials, $7,500; indirect materials, $5,000.

Date			Accounts	Debit	Credit
d.			Work-in-Process Inventory	7,500
			Manufacturing Overhead	5,000
			Raw Materials Inventory		12,500

e. Recorded manufacturing overhead: depreciation on plant, $18,000; plant insurance (previously paid), $1,500; plant property tax, $3,900 (credit Property Tax Payable). (Prepare a compound entry.)

Date			Accounts	Debit	Credit
e.			Manufacturing Overhead	23,400
			Accumulated DepreciationPlant		18,000
			Prepaid Insurance		1,500
			Property Tax Payable		3,900

f. Allocated manufacturing overhead to jobs, 200% of direct labor costs.

Date			Accounts	Debit	Credit
f.			Work-in-Process Inventory	22,500
			Manufacturing Overhead		22,500

g. Completed production on jobs with costs of $40,000.

Date			Accounts	Debit	Credit
g.			Finished Goods Inventory	40,000
			Work-in-Process Inventory		40,000

h. Sold inventory on account, $22,000; cost of goods sold, $18,000.

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
h.			Accounts Receivable	22,000
			Sales Revenue		22,000

Now record the expense related to the sale.

Date			Accounts	Debit	Credit
h.			Cost of Goods Sold	18,000
			Finished Goods Inventory		18,000

i. Adjusted for overallocated or underallocated overhead.

Date			Accounts	Debit	Credit
i.			Cost of Goods Sold
			Manufacturing Overhead