1. General journal entries for factory overhead GGT Products, Inc., uses a job order cost system....

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1. General journal entries for factory overhead GGT Products, Inc., uses a job order cost system. Selected transactions deali

e. Returned other defective factory supplies to vendor, $700. f. Factory rent accrued for the month, $2,400. g. Returned prev

business accounting

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Answer 1

Answer #1

Account

Debit

Credit

a

Working progress

Indirect material

3200

b

Raw material inventory

Account payable

4400

c

Repairing on machine

Account payable

1400

d

Cost of good manufactured

Raw material inventory

900

e

Account payable

Purchase return

700

f

Factory rent

Factory rent payable

2400

g

Raw material inventory

Cost of goods manufactured

350

h

Manufacturing overhead

Accumulated depreciation

2800

i

Payroll tax

Payroll tax payable

3200

j

Factory overhead

Heat, light and power charges payable

6400

k

Prepaid insurance

cash

1350

l

Work in progress

Factory overhead

34600

m

Factory overhead

Indirect labour

2600

n

Finished goods

Material

Labour

Factory overhead

85200

14400

40400

30400

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Answer 2

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