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Account cash beginning balance Debit $18428,, Accounts Receivable Debit $17085.60, Acct Materials Debit $12349.00, Acct WIP Debit$2650, Finished Goods Debit $22948.00, Accts Payable Credit $8949, Federal Income tax payable Credit $3744, FICA TAX payable Credit 1909.44, FUTA Tax credit 149.76, Suta Payable Credit 2995.20, Salaries Payable

Jan 2:

Debit Rent Expense - Manufacturing Space: $3,400

Debit Rent Expense - Office Space: $600

Credit Cash: $4,000

Jan 2:

Debit Hardware For All: $879

Credit Accounts Payable: $879

Jan 3:

Debit Cash: $1,230

Credit Accounts Receivable - Fun For All Backyard Games: $1,230

Jan 4:

Debit Inventory (Manufacturing Supplies): $325

Credit Accounts Payable - Local Got It All: $325

Jan 6:

Debit Cash: $546

Credit Sales Revenue: $546

Debit Cost of Goods Sold: $390

Credit Inventory: $390

Jan 6:

Debit Work in Process (WIP): $120

Credit Raw Materials Inventory: $120

Debit Factory Overhead: $48 (40% of direct materials cost)

Debit WIP: $80

Credit Employees Federal Income Tax Payable: $12 (15% of direct labor)

Credit FICA Tax Payable: $6.12 (7.65% of total direct labor)

Credit Salaries Payable: $61.88

Jan 6:

Debit Employees Federal Income Tax Payable: $3,744

Debit FICA Tax Payable: $1,909.44

Debit FUTA Tax Payable: $149.76

Debit SUTA Tax Payable: $2,995.20

Credit Cash: $8,798.40

Jan 7:

Debit Raw Materials Inventory: $9,700

Credit Accounts Payable: $9,700

Jan 8:

Debit Cash: $4,700

Credit Accounts Receivable - Utopian Backyard Fun: $4,700

Jan 10:

Debit Advertising Expense: $400

Credit Cash: $400

Jan 10:

Debit Accounts Payable - Lumber Unlimited: $6,950

Credit Cash: $6,950

Jan 14:

Debit Cash: $4,200

Credit Accounts Receivable - Backyard Game Treats: $4,200

Jan 14:

Debit Cash: $532

Credit Sales Revenue: $532

Debit Cost of Goods Sold: $380

Credit Inventory: $380

Jan 14:

Debit Cash: $5,755.40

Credit Sales Revenue: $5,755.40

Debit Cost of Goods Sold: $4,111.00

Credit Inventory: $4,111.00

Jan 14:

Debit Work in Process (WIP): $80

Credit Raw Materials Inventory: $80

Debit Factory Overhead: $32 (40% of direct materials cost)

Debit WIP: $120

Credit Employees Federal Income Tax Payable: $18 (15% of direct labor)

Credit FICA Tax Payable: $9.6 (7.65% of total direct labor)

Credit Salaries Payable: $92.4

Debit Finished Goods: $250 (Total cost of job 126)

Jan 15:

Debit Accounts Receivable - Cash Customer: $672

Credit Sales Revenue: $672

Debit Cost of Goods Sold: $250

Credit Finished Goods: $250

Jan 15:

Debit Utilities Expense - Manufacturing Area: $433.50

Debit Utilities Expense - Nonmanufacturing Area: $76.50

Credit Cash: $510

Jan 16:

Debit Work in Process (WIP): $1,150

Credit Raw Materials Inventory: $1,150

Debit Factory Overhead: $460 (40% of direct materials cost)

Debit WIP: $1,462

Credit Employees Federal Income Tax Payable: $219.3 (15% of direct labor)

Credit FICA Tax Payable: $111.63 (7.65% of total direct labor)

Credit Salaries Payable: $1,130.07

Debit Finished Goods: $2,612 (Total cost of job 125)

Jan 16:

Debit Accounts Receivable - Oversize Games: $8,010.80

Credit Sales Revenue: $8,010.80

Debit Cost of Goods Sold: $2,612

Credit Finished Goods: $2,612

Jan 17:

Debit Work in Process (WIP): $40

Credit Raw Materials Inventory: $40

Debit Factory Overhead: (40% of direct materials cost)

Debit WIP: $20

Credit Employees Federal Income Tax Payable: $3 (15% of direct labor)

Credit FICA Tax Payable: $1.53 (7.65% of total direct labor)

Credit Salaries Payable: $15.47

Jan 21:

Debit Cash: $1,218

Credit Sales Revenue: $1,218

Debit Cost of Goods Sold: $870

Credit Inventory: $870

Jan 21:

Debit Cash: $3,290

Credit Accounts Receivable - Oversize Games: $3,290

Jan 21:

Debit Cost of Goods Sold: $217

Credit Raw Materials Inventory: $217

Jan 23:

Debit Raw Materials Inventory: $692

Credit Accounts Payable - Paint To Go: $692

Jan 27:

Debit Salary Expense: $960

Credit Cash: $960

Debit Employees Federal Income Tax Payable: (withheld amount)

Debit FICA Tax Payable: (withheld amount)

Jan 30:

Debit Factory Overhead: $365.06

Debit Payroll Tax Expense: $167.52

Credit FICA Tax Payable: $233.48

Credit FUTA Tax Payable: $24.42

Credit SUTA Tax Payable: $274.68

Debit Cash: (total wages paid)

Jan 30:

Debit Owner's Withdrawals: $3,200

Credit Cash: $3,200

Jan 30:

Debit Accounts Receivable - Fun For All Backyard Games: $1,015.60

Credit Accounts Receivable - Fun For All Backyard Games: $1,015.60

Jan 30:

Debit Accounts Receivable - Utopian Backyard Fun: $2,650

Credit Accounts Receivable - Utopian Backyard Fun: $2,650

Jan 30:

Debit Accounts Payable - Local Got It All: $325

Credit Cash: $325

Jan 30:

Debit Accounts Payable - Lumber Unlimited: $9,700

Credit Cash: $9,700

Jan 30:

Debit Accounts Payable - Paint To Go: $1,120

Credit Cash: $1,120

Jan 30:

Debit Raw Materials Inventory: $4,300

Credit Accounts Payable - Lumber Unlimited: $4,300

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