Question

Journalize the following transactions for Blanche's Benches. 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 Accounts Debit a. 2.300 Cash Website Expenses b. Incurred manufacturing wages of $20.000. 70% of which was direct labor and 30% of which was in Date Accounts Debit b. Work-in-Process Inventory Choose from any list or enter any number in the input fields and then continue to the next quest

Answer 1

S.no	Account titles & Explanations	Debit	Credit
a.	Web site expense		2,300
	To Cash				2,300
b.	Work in process inventory	14000
	Manufacturing overhead	6000
	To Factory wages payable		20000
c.	Raw materials inventory	17,000
	to Accounts payable			17,000
d.	Work in process inventory	8000
	Manufacturing overhead	3000
	To Raw materials inventory		11,000
e.	Manufacturing overhead	17200
	Accumulated depreciation		12,000
	Prepaid insurance			1,400
	property tax payable		3800
f.	Work in process inventory	23800
	To Manufacturing overhead		23800
	(14000*170%)
g.	Finished goods inventory	32,000
	to Work in process inventory		32,000
h.	Account receivable		28,000
	To sales				28,000
	Cost of goods sold		10,000
	To finished goods inventory		10,000
i.	Cost of goods sold		6600
	To manufacturing overhead		6600
	(17200-23800 = 6600)