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Requirement 3. Journalize completion of the job and the sale of the 5,000 DVDs on account. (Record debits first, then credits. Exclude explanations from any
Requirement 3. Journalize completion of the job and the sale of the 5,000 DVDs on account. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by preparing the entry to show the completion of the job. Date Accounts Debit Credit Nov. 3 Data Table - X Date Labor Time Record No. More Info Next, journalize the revenue portion of the sale of Job 423 11/02 655 Description Amount 10 hours @ $16 per hour $ 160 20 hours @ $13 per hour 260 11/03 656 Date Accounts Debit Credit Tu Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $495,000 and estimated direct labor costs of $450,000. Job 423 was completed and shipped on November 3. Nov. 3 Materials Requisition No. Date Amount $ 372 11/02 63 Description 31 lbs. polycarbonate plastic @ $12 per lb. 25 lbs. acrylic plastic @ $27 per Ib. 3 lbs. refined aluminum @ $48 per b. 11/02 64 675 Print Done Finally, journalize the cost of goods portion of the sale. 11/03 74 144 Date Accounts Debit Credit Nov. 3 Print Done Requirement 3. Journalize completion of the job and the sale of the 5,000 DVDs on account. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by preparing the entry to show the completion of the job. Date Accounts Debit Credit Nov. 3 Data Table - X Date Labor Time Record No. More Info Next, journalize the revenue portion of the sale of Job 423 11/02 655 Description Amount 10 hours @ $16 per hour $ 160 20 hours @ $13 per hour 260 11/03 656 Date Accounts Debit Credit Tu Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $495,000 and estimated direct labor costs of $450,000. Job 423 was completed and shipped on November 3. Nov. 3 Materials Requisition No. Date Amount $ 372 11/02 63 Description 31 lbs. polycarbonate plastic @ $12 per lb. 25 lbs. acrylic plastic @ $27 per Ib. 3 lbs. refined aluminum @ $48 per b. 11/02 64 675 Print Done Finally, journalize the cost of goods portion of the sale. 11/03 74 144 Date Accounts Debit Credit Nov. 3 Print Done
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