I have answered A-I in the pictures I posted below. I need the answers to J-L. 20211 ACG2071_Module 2 JOURNAL ENTRIES -EFileHomeInsertPage LayoutFormulasDataReviewViewHelpO Tell me what you want to doX CutArial Rounded MT - 11-A AO Copy -22 Wrap TextAccountingPaste* Format PainterBIU HO. A -€ E E Merge & Center-$- %00.0Condition.00ClipboardFontFormattinAlignmentNumberE57fr126000ABD42FGH.K43g. Office prepaid rent that expired during the period, $2,00044DescriptionDebit2,000.00Rent ExpensesCredit4546Prepaid Rent2,000.004748h. Other costs incurred on account for factory overhead included $40,000.49DescriptionDebitCreditFactory OverheadAccounts Payable50$ 40,000.0051$ 40,000.0052i. Estimated factory overhead cost for the period was $120,000 and estimated direct labor hours for the period were 40,000 hours. Assuming that overheadis applied based on direct labor hours and that the company used 42,000 direct labor hours during the period, apply factory overhead.535455DescriptionDebitCredit56Work in Process$ 126,000.0057Factory Overhead$ 126,000.0058j. Close out the factory overhead balance to cost of goods sold.Description5960DebitCredit61626364k. Jobs completed during the period, $900,000.Description65DebitСredit66676869I. Cost of goods sold, $850,000.Description70DebitCredit717273147576Sheet1Type here to searchEt C(99+ 20211 ACG2071_Mo-FileHomeInsertPage LayoutFormulasDataReviewViewHelpO Tell me what you want to doX CutArial Rounded MT -11A Aab Wrap TextAccountine Copy -PasteV Format PainterA- Merge & Center -ClipboardFontAlignmentNE57fx126000ABF GHFor each of the transactions for the month below, journalize the necessary entry. The first entry has been completed for you.1011a. Materials purchased on account, $412,000.12DescriptionDebitCredit13Materials$ 412,000.00Accounts Payable$ 412,000.0014151617Work In Processb. Materials requisitioned for use in production, $398,000. $18,000 of this was for general factory use.DescriptionDebitCredit18$ 380,000.0019Factory Overhead2$18,000.00Materials$ 398,000.0020212223Work In Processc. Factory labor during the period was $550,000. $30,000 of this was indirect.DescriptionDebitCredit24$ 520,000.0025Factory OverheadWages Payable$30,000.00$ 550,000.00262728d. Depreciation of the factory equipment, $26,000.29Factory OverheadDescriptionDebitCredit$ 26,000.0030$ 26,000.0031Accumulated Despreciation - Factory Equipment3233e. Depreciation of the office equipment, $15,000.34DescriptionDebitСredit$15,000.0035Depreciation Expense15,000.0036Accumulated Depreciation37f. Factory prepaid rent that expired during the period, $6,000.3938DescriptionDebitCredit$6,000.00Factory OverheadPrepaid Rent40$6,000.0041Sheet1+)99+e Type here to search出

Job costing is a system in which costs are recorded for a particular job rather than the entire…

For each of the transactions for the month below, journalize the necessary entry. The first entry has been completed for you. a. Materials purchased on account, $412,000. Description Debit Credit Materials $ 412,000.00 Accounts Payable $ 412,000.00 b. Materials requisitioned for use in production, $398,000. $18,000 of this was for general factory use. Description Debit Credit Work In Process $ 380,000.00 $ 18,000.00 Factory Overhead Materials $ 398,000.00 c. Factory labor during the period was $550,000. $30,000 of this was indirect. Description Debit Credit $ 520,000.00 $ 30,000.00 Work In Process Factory Overhead Wages Payable $ 550,000.00 d. Depreciation of the factory equipment, $26,000. Description Debit Credit $ 26,000.00 Factory Overhead Accumulated Despreciation -Factory Equipment $ 26,000.00 e. Depreciation of the office equipment, $15,000. Description Debit Credit $ 15,000.00 Depreciation Expense Accumulated Depreciation $ 15,000.00 f. Factory prepaid rent that expired during the period, $6,000. Debit Credit Description 6,000.00 Factory Overhead 6,000.00