chela075
Jan 13, 2011, 05:49 PM
Jan. 17 Paid the sales manager of Bath Designs Inc. $142.62 for customer entertaining.
Jan. 18 Received a report from the treasurer that Pickens Contractors, one of our customers, has declared bankruptcy. Wrote off the balance owed to Bath Designs Inc. by Pickens Contractors.
Jan. 18 Sold and shipped Job. No. 405 to the appropriate customer. Refer to that job’s Cost Record for the total cost of the job to determine the selling price.
Jan. 22 Purchased $10,232.16 of direct materials from Neola Supply Company, credit terms net 30 days.
Jan. 22 Accepted a job for the manufacture of 12 sauna units for Maplewood Designers. The promise date is Jan. 31. Began the job today by applying $2,468.10 of direct materials to Job No. 408 (Materials requisition No. 686)
Jan. 24 Paid Glory Container Corp. the amount due today from the Jan. 9 purchase.
Jan. 25 Applied $1,660 of direct labor to Job. No. 402, which will complete the job. (Time ticket No.131)
Applied factory overhead using the appropriate rate.
Transferred the completed job to the finished goods account.
Jan. 26 Sold and shipped Job No. 402 to the appropriate customer. Refer to that job’s Cost Record for the total cost of the job to determine the selling price.
Jan. 26 Ap0plied $3,640 of direct labor to Job. No. 408, which will complete the job. (time ticket No 132)
Applied factory overhead using the appropriate rate.
Transferred the completed job to the finished goods account.
Jan. 18 Received a report from the treasurer that Pickens Contractors, one of our customers, has declared bankruptcy. Wrote off the balance owed to Bath Designs Inc. by Pickens Contractors.
Jan. 18 Sold and shipped Job. No. 405 to the appropriate customer. Refer to that job’s Cost Record for the total cost of the job to determine the selling price.
Jan. 22 Purchased $10,232.16 of direct materials from Neola Supply Company, credit terms net 30 days.
Jan. 22 Accepted a job for the manufacture of 12 sauna units for Maplewood Designers. The promise date is Jan. 31. Began the job today by applying $2,468.10 of direct materials to Job No. 408 (Materials requisition No. 686)
Jan. 24 Paid Glory Container Corp. the amount due today from the Jan. 9 purchase.
Jan. 25 Applied $1,660 of direct labor to Job. No. 402, which will complete the job. (Time ticket No.131)
Applied factory overhead using the appropriate rate.
Transferred the completed job to the finished goods account.
Jan. 26 Sold and shipped Job No. 402 to the appropriate customer. Refer to that job’s Cost Record for the total cost of the job to determine the selling price.
Jan. 26 Ap0plied $3,640 of direct labor to Job. No. 408, which will complete the job. (time ticket No 132)
Applied factory overhead using the appropriate rate.
Transferred the completed job to the finished goods account.