The following account appears in the ledger prior to recognizing the jobs completed in January: Balance, January 1 Direct materials Work in Process $ 56,100 338,450 Direct labor 494,100 Factory overhead 226,850 Jobs finished during January are summarized as follows: Job 210 $200,950 Job 216 223,100 Job 224 167,800 Job 230 344,000 Required: a. Journalize the entry on Jan. 31 to record the jobs completed. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. b. Determine the cost of the unfinished jobs at January 31. CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540 Administrative Expenses 560 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense 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 Jounal a. Journalize the entry on Jan. 31 to record the jobs completed. Refer to the chart of accounts for the exact wording of the account titles. CNOV spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between jo will automatically indent a credit entry when a credit amount is entered. DATE DESCRIPTION 1 2 Final Question b. Determine the cost of the unfinished jobs at January 31. JOURNAL AG POST. REF. DEBIT CREDIT ASSETS