Question

TUBULINUNUL U I UU66356365&Quebonld4&Plushed false&cid=5913127&centerwin-yes Apps G Gmail ODell BUSI 18 - Spring 2020 Ashley Rangel Homework: Chapter 17 Homework Score: 0.08 of 1 pt %E17-24 (similar to) 4 of 7 (4 complete) HW Score Journalize the following transactions for Judy's Sofas. Explanations are not required. i (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,600 Date Accounts Debit Credit 1 More Info Website Expenses Cash b. Incurred manufacturing wages of $20,000, 60% of which was direct labor and 40% of which was indirect lab Credit Date Accounts a. Incurred and paid Web site expenses. $2,600. b. Incurred manufacturing wages of $20.000,00% of which was direct labor and 40% of which was indirect labor c. Purchased raw materials on account, $15,000 d. Used in production direct materials. $6,500; Indirect materials. $4.000. e. Recorded manufacturing overhead: depreciation on plant, $14.000; plant insurance (previously paid) $1.200. plant property tax, $3,800 (credit Property Tax Payable) f. Allocated manufacturing overhead to jobs, 250% of direct labor costs 9. Completed production on jobs with costs of $34,000. h. Sold inventory on account, $26,000: cost of goods sold, $16,000. Work-in-Process Inventory Manufacturing Overhead Weges Payable Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Choi 8 partaining Clear Al MacBook Air

Answer 1

	Account Titles	Debit	Credit
a	Website Expense	$             2,600
	Cash		$         2,600
b	Work in Process Inventory	$          12,000
	Manufacturing Overhead	$             8,000
	Wages Payable		$       20,000
c	Raw Material Inventory	$          15,000
	Accounts Payable		$       15,000
d	Work in Process Inventory	$             5,500
	Manufacturing Overhead	$             4,000
	Raw Material Inventory		$         9,500
e	Manufacturing Overhead	$          19,000
	Accumulated Depreciation		$       14,000
	Prepaid Insurance		$         1,200
	Property Tax Payable		$         3,800
f	Work in Process Inventory	$          30,000		=12000*250%
	Manufacturing Overhead		$       30,000
g	Finished Goods Inventory	$          34,000
	Work in Process Inventory		$       34,000
h	Accounts Receivable	$          26,000
	Sales Revenue		$       26,000
	Cost of Goods Sold	$          16,000
	Finished Goods Inventory		$       16,000