There is 18 Journal Entries label if it is a debit or credit

Puctions Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations a. Materials purchased on account, $45,000. b. Materials requisitioned and factory labor used: Materials Factory Lati Job 301 $ 1.850 3.150 70220 2200 5,350 2.400 1.800 4230 225 1.770 2.000 5,000 For general factory use 1.200 c. Factory overhead costs incurred on account, $1 800 d. Depreciation of machinery and equipment, $2.500 eThe factory overhead rate is $30 per machine hour Machine hour used Job Machine Hours 8 + 8 % 8 f. Jobs completed 301, 302, 303, and 305 9. Jobs were shipped and customers were billed as follows: Job 301, 88,500, Job 302. $16,150, Job 303, 513.400 Required: 1. Journalize the entries to record the summarized operations Record each dem (items 3.) as an individual entry on March 31. Record item gas 2 entries Refer to the Chart of Accounts for exact wording of account titles 2. Foat the appropriate entries to accounts for Work in Process and Finished Goods ang the dentifying letters as transaction codes Insert memo account balances as of the end of the month For grading ourposes enter transactions in a phabetical order Determine the correct ending balance. The ending balance labels rovided on the left of the account even when the enong balance sa credit The unused cell on the balance line should be left blank 3. Prepare a schedule of unfinished jobs to support the balance in the work in Crocet account 4. Prepare a checule of completed jobs on hand to tucor the balance in the finished good count! Reler The N or Amount Datorions for the word of the answer choice for extenties CHART OF ACCOUNTS Kurtz Fencing Inc. General Ledger REVENUE 410 Sales 610 Interest Revenue ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 128 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 Machinery and Equipment 192 Accumulated Depreciation Machinery and Equipment 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 561 Depreciation Expense Machinery and Equipment 600 Miscellaneous Expense 710 Interest Expense LABILMES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 238 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 35: Dividends 1. Jourmalce the entries to record the summarized operation Record each item (derme -) as an individual entry on March 31. Record item g a 2 entries Refer to the Chart Accounts for exact wording of account des PAGE 10 JOURNAL