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Journalize the following transactions for Sleek's Furniture. Explanations are not required. i (Click the icon to view the transactions.) (Record debits first, then credits. Exclude
Journalize the following transactions for Sleek's Furniture. Explanations are not required. i (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, $2,500. Date Accounts Debit Credit a.More info FED?" Incurred and paid Web site expenses, $2,500. Incurred manufacturing wages of $11 ,000, 70% of which was direct labor and 30% of which was indirect labor. Purchased raw materials on account, $19,000. Used in production: direct materials, $6,000; indirect materials, $3,500. Recorded manufacturing overhead: depreciation on plant, $10,000; plant insurance (previously paid), $1,800; plant property tax, $4,000 (credit Property Tax Payable). Allocated manufacturing overhead to jobs, 240% of direct labor costs. Completed production on jobs with costs of $32,000. Sold inventory on account, $28,000; cost of goods sold, $10,000. Adjusted for overallocated or underallocated overhead. Accounts Receivable Accounts Payable A I Accumulated DepreciationPlant 8 Cash ) . Cost of Goods Sold : Finished Goods Inventory F \\- Manufacturing Overhead l |:|
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