Journalize the following transactions for Becah's Bakery:Becah's Bakerya. Incurred and paid Website expenses, $2,920.b. Incurred manufacturing wages of $10,900, of which 80% was for direct labor and 20% of which was for indirect labor.c. Purchased raw materials on account, $18,130.d. Used in production: direct materials, $8,100; indirect materials $3,670.e. Recorded manufacturing overhead: depreciation on plant, $14,410; plant insurance (previously paid), $1,460; plant property tax, $3,720 (credit Property Tax Payable).f. Allocated manufacturing overhead to jobs, 230% of direct labor costs.g. Completed production on jobs with costs of $35,240.h. Sold inventory on account, $25,040; cost of goods sold, $12,310.i. Adjusted for overallocated or underallocated overhead. JournalDateDescriptionDebitCredita. a. b. b. b. c. c. d. d. d. e. e. e. e. f. f. g. g. h. h. h. h. i. i. Manufacturing OverheadDebitCredit

A journal is a complete documentation of all business operations. Accounts are reconciled using the…

Answered: ournalize the following transactions…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Journalize the following transactions for Becah's Bakery:

Becah's Bakery

a. Incurred and paid Website expenses, $2,920.
b. Incurred manufacturing wages of $10,900, of which 80% was for direct labor and 20% of which was for indirect labor.
c. Purchased raw materials on account, $18,130.
d. Used in production: direct materials, $8,100; indirect materials $3,670.
e. Recorded manufacturing overhead: depreciation on plant, $14,410; plant insurance (previously paid), $1,460; plant property tax, $3,720 (credit Property Tax Payable).
f. Allocated manufacturing overhead to jobs, 230% of direct labor costs.
g. Completed production on jobs with costs of $35,240.
h. Sold inventory on account, $25,040; cost of goods sold, $12,310.
i. Adjusted for overallocated or underallocated overhead.

Journal

Date	Description	Debit	Credit
a.
a.

b.
b.
b.

c.
c.

d.
d.
d.

e.
e.
e.
e.

f.
f.

g.
g.

h.
h.

h.
h.

i.
i.

Manufacturing Overhead

Debit	Credit

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