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

Journal Entries

Jan.15	Work In Process Inventory	amt. not given in Q
	Overhead		amt. not given in Q
	(Record overhead applied)
Jan.15	Finished Goods Inventory	amt. not given in Q.
	Work In Process Inventory		amt. not given in Q
	(Transfer of Work in Process Costs into Finished Goods for job -351)
Jan.16	Cash	35250
	Accounts Receivable		35250
	(Received from customer)
Jan.17	Accounts payable	amt. not given in Q
	Sales		amt. not given in Q
	(Sold and shipped job-351)
Jan.18	Factory overheads	6329
	Accounts payable		6329
	(indirect material were purchased)
Jan.20	Work In Process Inventory	5986
	Direct material		5986
Jan.20	Factory overheads	3658.72
	Accounts payable		3658.72
	(indirect material were purchased)
Jan.21	Bank	9890
	Account receivable (Sundial Corp.)		9890
	(Cheque received)
Jan.23	Work In Process Inventory	4765
	Direct material		4765
	(Direct material applied to job-350)
Jan.23	Bank	9890
	Account receivable (Everest co.)		9890
	(Cheque received)

As per given information, and requirement, Journal entries are being prepared. If you require any clarification, please mention it, in comment box.

Thanks & all the best..........