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Please fill out the yellow portions in the two attached spreadsheets. Fill out the first journal entry sheet first and then use those entries to
Please fill out the yellow portions in the two attached spreadsheets.
Fill out the first journal entry sheet first and then use those entries to fill out the Job Costing Sheet. The submit the completed spreadsheet for grading.
\begin{tabular}{|c|} \hline Journal Entries \\ Jan-21 \\ \hline \end{tabular} ENTER THE JOURNAL ENTRIES IN THE YELLQW Temporary Balance Sheet Acoount Liability 8 Post $200,000 Repairs on Equipment Temporary Balance Sheet Account 8 Post $200,000 Repairs on Equipment Temporary Balance Sheet Aocount Liability The Month Ends: There was only one job and it was worked on for the entire 720 run hours, therefore all of Dverhead Applied goes to job 777. If there were other jobs, Dverhead Applied would be split between the jobs based on hours. 9 Apply Manufacturing Dverhead to Jobs (720 run hours $825 hour =$594,000) Asset Temporary Balance Sheet Account 10 Zero out remaining Manufacturing Dverhead Control Temporary Balance Sheet Acoount Expense \begin{tabular}{|c|} \hline Journal Entries \\ Jan-21 \\ \hline \end{tabular} ENTER THE JOURNAL ENTRIES IN THE YELLQW Temporary Balance Sheet Acoount Liability 8 Post $200,000 Repairs on Equipment Temporary Balance Sheet Account 8 Post $200,000 Repairs on Equipment Temporary Balance Sheet Aocount Liability The Month Ends: There was only one job and it was worked on for the entire 720 run hours, therefore all of Dverhead Applied goes to job 777. If there were other jobs, Dverhead Applied would be split between the jobs based on hours. 9 Apply Manufacturing Dverhead to Jobs (720 run hours $825 hour =$594,000) Asset Temporary Balance Sheet Account 10 Zero out remaining Manufacturing Dverhead Control Temporary Balance Sheet Acoount Expense
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