Jan. 29 Sold and shipped Job No 408 to the appropriate customer. Refer to that job’s
Jan. 29 Sold and shipped Job No 408 to the appropriate customer. Refer to that job’s Cost Records for the total cost of the job for billing purposes.
Jan. 29 Paid Foley Tool Company amount due in payment of the Jan. 1 balance.
Jan. 29 Received a check from Powell Contractors Inc. for the amount due after the discount period has expired.
Jan. 29 Paid Post Office $500.00 for postage added to postage meter. Expense this amount.
Jan. 29 Paid Telephone Company $250.00 for Jan. phone service.
Jan. 29 Paid Owen Advertising Company $1,000.00 for designing ads for our new Internet website.
Jan. 29 Paid Allied Power and Light company $4,216.00 for heat, power, and light. Allocate 25% of this amount to Electricity Expense and 75% to Factory Overhead.
Jan. 31 Applied $1,000.00 of direct labor to Job 404 (time ticket No. 133)
Applied factory overhead using the appropriate rate. This job will not be completed until Feb.
Jan. 31 Applied $4,220.00 of direct labor to Job 407 (time ticket No. 134)
Applied factory overhead using the appropriate rate. This job will not be completed until March.
Jan. 31 Applied $1,160.00 of direct labor to Job 406 (time ticket No. 135)
Applied factory overhead using the appropriate rate. This job will not be completed until Feb.
Jan. 31 Received the following data on the monthly payroll from the payroll clerk:
Direct Labor (already recorded): $23,016.50
New payroll data (to be recorded):
Indirect $11,220.00
Superintendent’s Salary 3,100.00
Sales salaries 11,975.00
Officers’ salaries 7,140.00
Office salaries 6310.10
