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PLEASE HELP PREPARE JOURNAL ENTRIES an. 17 Sold and shipped Job #351 to the Smart Contractors. Wonderama Playgrounds, Inc. uses perpetual inventory system. Jan. 18
PLEASE HELP PREPARE JOURNAL ENTRIES
an. 17 Sold and shipped Job #351 to the Smart Contractors. Wonderama Playgrounds, Inc. uses perpetual inventory system. Jan. 18 Purchased $6,329.00 of indirect materials and factory supplies to be used in the manufacture of all jobs currently in process, terms Net 30 days. (Hint: charge directly to Factory Overhead) Jan. 20 Accepted a job for the manufacture of a playground unit for Breakwater Unified School District. February 14 is the promised completion date. Began the job today by applying $5,986.00 of direct materials to Job #354. Jan. 20 Purchased from Casper Corporation $3,658.72 of indirect factory supplies, credit terms, net 15 days. (Hint: charge directly to Factory Overhead) Jan. 21 Received a check for $9,890.00 from Sundial Corporation for the amount due, no discount allowed. Jan. 23 Applied $4,765.00 of direct materials to Job #350. Jan. 23 Received a check for $9,046.00 from Everest Company for the amount due after the discount period has expired. Jan. 26 Applied $2,359.72 of direct materials to job #352. Jan. 26 Applied S1,586.00 of Direct Labor to Job #352. Jan. 26 Applied factory overhead to Job #352. Jan. 26 Transferred the completed job 352 to the Finished Goods account. an. 17 Sold and shipped Job #351 to the Smart Contractors. Wonderama Playgrounds, Inc. uses perpetual inventory system. Jan. 18 Purchased $6,329.00 of indirect materials and factory supplies to be used in the manufacture of all jobs currently in process, terms Net 30 days. (Hint: charge directly to Factory Overhead) Jan. 20 Accepted a job for the manufacture of a playground unit for Breakwater Unified School District. February 14 is the promised completion date. Began the job today by applying $5,986.00 of direct materials to Job #354. Jan. 20 Purchased from Casper Corporation $3,658.72 of indirect factory supplies, credit terms, net 15 days. (Hint: charge directly to Factory Overhead) Jan. 21 Received a check for $9,890.00 from Sundial Corporation for the amount due, no discount allowed. Jan. 23 Applied $4,765.00 of direct materials to Job #350. Jan. 23 Received a check for $9,046.00 from Everest Company for the amount due after the discount period has expired. Jan. 26 Applied $2,359.72 of direct materials to job #352. Jan. 26 Applied S1,586.00 of Direct Labor to Job #352. Jan. 26 Applied factory overhead to Job #352. Jan. 26 Transferred the completed job 352 to the Finished Goods accountStep by Step Solution
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