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October 1 Materials purchased on account, 5663,320. 2. Materials requisitioned, $618,780, of which $71,310 was for general factory use. 31 Factory labor used, $640,350, of
October 1 Materials purchased on account, 5663,320. 2. Materials requisitioned, $618,780, of which $71,310 was for general factory use. 31 Factory labor used, $640,350, of which $88,200 was indirect. 31. Other costs incurred on account for factory overhead, $140,430; selling expenses, $245,050; and administrative expenses, $145,440. 31 Prepaid expenses expired for factory overhead were $30,100; for seling expenses, $27,880; and for administrative expenses, $18,590. 31 Depreciation of office builing was $86,400; of oftice equipment, $45,350; and of factory aquipment, 530,880 . 31. Factory overhead conts appled to jobs, $365,760. 31. Jobs oompleted, $1,017,410. 31. Cost of goods sold, $911,220. Required: Joumalize the entries to record the summarized operations. Felor to the chart of accounts for the exact wording of the account tirbs. CNOW journals do not use lines for spaces or joumal explanations. Every line on a fouma page is used for debit or credit entries. Do nor add explanations or silp a line between joumalenthes, CNOWjoumals will automaticaly indent a credit entry when a credit amount is entered. General Ledger LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 income Summary Wournalize the entries to record the sumnarized operations. Reler to the chart of acoounts for the bxact warding of the account twies. CNOW oumals do not use ines for spacos of journal explanations. Every tine on a joumal page is used far debit or credit entries. Do not add explunations or shjp a he botwoen joumal enenos, CwoW joumais ww atamaticaly. indent a credit entry when a credit amount is entered
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