Question

Journalize the following transactions for Judy's Sofas. Explanations are not required (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, $2,300 Date Debit Credit iMore Info b. Incurred manufacturing wages of $10,000, 60% of which was direct labor and 40% of which was indirect labor a. Incurred and paid Web site expenses, $2.300 b. Incurred manufacturing wages of $10,000, 60% of which was direct labor and 40% of which was Date Debit Credit indirect labor c. Purchased raw materials on account, $14,000 d. Used in production: direct materials, $6,000; indirect materials, $2,500 e. Recorded manufacturing overhead: depreciation on plant, $11,000 plant insurance (previously paid), $1,600, plant property tax, 3,500 (credit Property Tax Payable) f. Allocated manufacturing overhead to jobs. 150% of direct labor costs. g. Completed production on jobs with costs of $32,000 h. Sold inventory on account, $24,000, cost of goods sold, $12,000 i. Adjusted for overallocated or underallocated overhead. c. Purchased raw materials on account, $14,000. Date Debit Credit PrintDone d. Used in production: direct materials, $6,000; indirect materials, $2,500 Date Accounts Debit Credit d. e. Recorded manufacturing overhead: depreciation on plant, $11,000; plant insurance (previously paid),1,600; plant property tax, $3,500 (credit Property Tax Payable). (Prepare a compound entry.) Date Debit Credit f. Allocated manufacturing overhead to jobs, 150% of direct labor costs Date Accounts Debit Credit

Answer 1

Credo Date LA Debit $2,300 $ 2300 $6000 $4000 | $10,000 $14,000 $ 14000 $ 6000 $ 2500 $ 8,500 $ 16,100 Answer: Journal entries La particulars a) website eapense Ale or To cash b) work in process Inventory Ale or {$10.000 x 600 Menu facturing overhead Ale or R10,000x40%) To Factory wages payable c) Raw Materials Inventory ale or TO Accounts payable d) work in process Inventory Ale or Manufacturing overhead Ale or To Rew materials Inveutory e) Manufacturing overhead Ale or TO Accumulated depreciation To pre paid Insurance To properly Tas payable f) work in process Invenlory ale or TO Manufacturing overhead L610,000 x 60%)* 1507 B) Finished goods Inventory Ab or To work in process inveulovy b) Accounts Receivable Ale or To sales cost of goods sold A/C To finished goods inventory ; cost of goods sold ale or To Hauc facturing overhead [$ 16,100-4qoool $11,000 $1,600 43500 $9.000 $9000 $32,000 $32,000 $24,000 $24.000 DY $12.000 $12.000 IT $7100 $7100