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Joumalize the entries in requirements 2-8. Refer to the Chart of Accounts for exact wording of account sides. Question not attempted PAGE 15 JOURNAL Score: 0/287 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 1 3 2 10 Final Project Mastery Problem: Job Order Costing Journal 10 11 11 14 15 16 17 19 20 21 23 8. On December 31, prepare the journal entry to dispose of the balance in the Factory Overhead account 9. What are the balances in the following accounts as of December 31? A Materials B. Work in Process C Finished Goods D. Factory Overhead E Cost of Goods Sold Refer to the Chart of Accounts for exact wording of account bles Chart of Accounts CHART OF ACCOUNTS POGP Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 112 Accounts Receivable 117 Supplies EXPENSES 510 Cost of Goods Sold 118 Materials 119 Work in Process 520 Factory Overhead 120 Finished Goods 525 Wages Expense 125 Equipment 126 Accumulated Depreciation Equipment LIABILITIES NA Equipment LIABILITIES 210 Accounts Payable 211 Wages Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary Vork Addit POGP Company round UNADJUSTED TRIAL BALANCE November 30, 20Y8 Job ACCOUNT THE DEBIT CREDIT Cash 20,000.00 Balai 2 Accounts Receivable 1,000.00 Dec Supplies 200.00 4 Materials 5,000.00 Total 5 Work in Process 5,404.00 e Equipment 12,000.00 825.00 Accumulated Depreciation-Equipment * Accounts Payable 150,00 Common Stock 10.000.00 10 Retained Earings 12,000.00 19 Common Stock 10,000.00 10 Retained Earnings 12,000.00 Balai 1. Dividends 18,096.00 Dec 12 Sales 307,500.00 Total Cost of Goods Sold 255,040,00 14 Factory Overhead 25.00 Wages Expense 13750.00 Totals 1330,490.00 330,490.00 Nov. 30 Trial Balance Pull of Great Price Company Job Cost Sheets Predetermined Factory Overhead Rate Estimated Selected Amounts for the Year $1,200.00 Estimated depreciation on equipment Estimated total Office Manager/Knitting Supervisor wages $30,000.00 Estimated office utilities $3,000.00 $4,800.00 Estimated factory utilities Estimated factory rent $18,000.00 Activity Base Data Estimated number of DLH for the year 6,250 Estimated number of MH for the year 4 375 Materials Requisition Materials Requisition Date: Dec. 10 Reg. No. 12255 Job No.83 Description Qty. Issued Hourly Rate Cost Yarn type B 700 skeins $5.00 $3,500 Total issued $3,500 of Great Price Company Cost Sheets etermined Factory Overhead Rate Materials Requisition Time Tickets Time Ticket No. 1255 Employee Name: Susan Blake Work Description: Knitting/piecing Dates Job No. Hours Worked Hourly Rate Cost 12/01-12/15 62 65 $15.00 $975.00 12/16-12/31 83 103 $15.00 $1,545.00 Total Cost $2,520.00 aterials Requisition Time Tickets TUTO CUST ZUZU. Time Ticket No. 2274 Employee Name: Josh Porter Work Description: Knitting/piecing Dates Job No. Hours Worked Hourly Rate Cost 12/01-12/15 62 75 $15.00 $1,125.00 12/16-12/31 83 88 $15.00 $1,320.00 Total Cost $2,445.00 Time Ticket No. 3923 Employee Name: Mary Jones Total Cost $2,445.00 Time Ticket No. 3923 Employee Name: Mary Jones Work Description: Knitting/piecing Dates Job No. Hours Worked Hourly Rate Cost 12/01-12/15 62 60 $15.00 $900.00 12/16-12/31 83 109 $15.00 $1,635.00 Total Cost $2,535.00 Joumalize the entries in requirements 2-8. Refer to the Chart of Accounts for exact wording of account sides. Question not attempted PAGE 15 JOURNAL Score: 0/287 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 1 3 2 10 Final Project Mastery Problem: Job Order Costing Journal 10 11 11 14 15 16 17 19 20 21 23 8. On December 31, prepare the journal entry to dispose of the balance in the Factory Overhead account 9. What are the balances in the following accounts as of December 31? A Materials B. Work in Process C Finished Goods D. Factory Overhead E Cost of Goods Sold Refer to the Chart of Accounts for exact wording of account bles Chart of Accounts CHART OF ACCOUNTS POGP Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 112 Accounts Receivable 117 Supplies EXPENSES 510 Cost of Goods Sold 118 Materials 119 Work in Process 520 Factory Overhead 120 Finished Goods 525 Wages Expense 125 Equipment 126 Accumulated Depreciation Equipment LIABILITIES NA Equipment LIABILITIES 210 Accounts Payable 211 Wages Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary Vork Addit POGP Company round UNADJUSTED TRIAL BALANCE November 30, 20Y8 Job ACCOUNT THE DEBIT CREDIT Cash 20,000.00 Balai 2 Accounts Receivable 1,000.00 Dec Supplies 200.00 4 Materials 5,000.00 Total 5 Work in Process 5,404.00 e Equipment 12,000.00 825.00 Accumulated Depreciation-Equipment * Accounts Payable 150,00 Common Stock 10.000.00 10 Retained Earings 12,000.00 19 Common Stock 10,000.00 10 Retained Earnings 12,000.00 Balai 1. Dividends 18,096.00 Dec 12 Sales 307,500.00 Total Cost of Goods Sold 255,040,00 14 Factory Overhead 25.00 Wages Expense 13750.00 Totals 1330,490.00 330,490.00 Nov. 30 Trial Balance Pull of Great Price Company Job Cost Sheets Predetermined Factory Overhead Rate Estimated Selected Amounts for the Year $1,200.00 Estimated depreciation on equipment Estimated total Office Manager/Knitting Supervisor wages $30,000.00 Estimated office utilities $3,000.00 $4,800.00 Estimated factory utilities Estimated factory rent $18,000.00 Activity Base Data Estimated number of DLH for the year 6,250 Estimated number of MH for the year 4 375 Materials Requisition Materials Requisition Date: Dec. 10 Reg. No. 12255 Job No.83 Description Qty. Issued Hourly Rate Cost Yarn type B 700 skeins $5.00 $3,500 Total issued $3,500 of Great Price Company Cost Sheets etermined Factory Overhead Rate Materials Requisition Time Tickets Time Ticket No. 1255 Employee Name: Susan Blake Work Description: Knitting/piecing Dates Job No. Hours Worked Hourly Rate Cost 12/01-12/15 62 65 $15.00 $975.00 12/16-12/31 83 103 $15.00 $1,545.00 Total Cost $2,520.00 aterials Requisition Time Tickets TUTO CUST ZUZU. Time Ticket No. 2274 Employee Name: Josh Porter Work Description: Knitting/piecing Dates Job No. Hours Worked Hourly Rate Cost 12/01-12/15 62 75 $15.00 $1,125.00 12/16-12/31 83 88 $15.00 $1,320.00 Total Cost $2,445.00 Time Ticket No. 3923 Employee Name: Mary Jones Total Cost $2,445.00 Time Ticket No. 3923 Employee Name: Mary Jones Work Description: Knitting/piecing Dates Job No. Hours Worked Hourly Rate Cost 12/01-12/15 62 60 $15.00 $900.00 12/16-12/31 83 109 $15.00 $1,635.00 Total Cost $2,535.00