Question

11:15 Done Wonderama Playgrounds F20 (6 of 69) Chart of Accts Beg. Trial Balance T-Acc CHART OF ACCOUNTS Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Insurance Office Supplies Inventory: Raw Materials Inventory: Work in Process Inventory: Finished Goods Inventory: Factory Overhead Office Equipment Accumulated Depreciation Office Equip Factory Equipment Accumulated Depreciation Factory Equip Patients Accounts Payable Income Tax Payable Wages Payable Common Stock PIC in Excess of Par - Common Stock Retained Earnings Sales Sales Discounts Cost of Goods Sold Advertising Expense Depreciation Expense-Office Equip Utility Expense Insurance Expense Office Supplies Expense Rent Expense III

Journalize

Answer 1

Date	Journal	Debit	Credit
30-Jan	Accounts Payable A/c Dr.
	To Cash
	( Being payment made to vendor for Jan 20 purchase )
30-Jan	Inventory - Work In Process A/c Dr.	5,980
	To Inventory - Raw Material A/c		5,980
	( Being Direct Material used on Job 350. )
30-Jan	Inventory - Work In Process A/c Dr.	11,242
	To Wages A/c		11,242
	( Being Direct Labour applied on Job 350. )
30-Jan	Inventory - Work In Process A/c Dr.
	To Inventory - Factory Overhead A/c
	( Being Direct Labour applied on Job 350. )
30-Jan	Inventory Finished Goods A/c Dr.
	To Inventory - Work In Process A/c
	( Being inventory Finished Goods created. )
31-Jan	Accounts Receivable A/c Dr.
	To Sales A/c
	( Being Job 350 sold to Lawson Corporation )
31-Jan	Utility Expenses A/c Dr.	2,370
	Office Supplies Expenses A/c Dr.	790
	To Cash A/c		3,160
	( Being heat, power and light bill paid and allocated to factory and office. )
31-Jan	Inventory - Work In Process A/c Dr.	5,540
	To Inventory - Raw Material A/c		5,540
	( Being Direct Material used on Job 354. )
31-Jan	Inventory - Work In Process A/c Dr.	12,257
	To Wages A/c		12,257
	( Being Direct Labour applied on Job 354. )
31-Jan	Inventory - Work In Process A/c Dr.
	To Inventory - Factory Overhead A/c
	( Being Direct Labour applied on Job 354. )