bath design

4 applied $3,624.00 of direct materials (requisition no. 679) and $8,120.00 of direct labor (time ticket no. 129.) to job no. 403, which will complete the job . use the simplified rates of 7.5% of gross pay for employees' fica tax and 15% of gross pay for employees federal income tax. when preparing the entry for applying direct labor, debit work in process for the gross pay, and credit employees' income tax payable and fica tax payable for the appropriate amounts and salaries payable for the net pay.
remember the employees are paid on the last day of each month.
applied factory overhead to job no. 403 is based upon 125% of direct labor cost
transferred the completed job to the finished goods account.

5 sold and shipped job no. 403 to the appropriate customer. all sales are on account 1/10 net 30 days, fob shipping point. luxurious spa, inc. marks up all work by 40% of the job cost. refer to the individual job order cost sheet for the total cost of the job and multiply the total cost by 140% to determine the selling price for each job.
luxurious spa, inc. maintains a perperual inventory system. each time a sale is made to a customer, you must debit cost of goods sold and credit finished goods for the cost of the job.

8 requisitioned $1,241.27 of indirect materials and factory supplies to be used in the manufacture of all jobs currently in process. (materials requisition no. 680).

9 paid bob davis, county tax collcetor $6,321.00 for property taxes accrued as of december 31.

9 purchased from gabehart container corporation $2,243.26 of indirect factory supplies, credit terms net 15 days.

9 accepted a job for the manufacture of 17 closet units for engelwood engineering. the promise date is february 14. the company began the job today, applying $5,914.00 of direct materials to job no. 406. (materials requisition no. 681)

10 received a check from tsua design corporation for the amount due withing the discount period.

11 paid ramez hardware, inc. 9100.00 in payment of the december 31 balance

11 applied $1,327.14 of direct materials to job no. 402 (materials requisition no. 682)

12 received a check from radcliff sales company for the amount due after the discount period has expired.

15 applied $2,214.06 of direct materials to job no. 404. (materials requistion no. 683)

16 purchased $503.00 of factory supplies from samson supplies inc. and paid cash.

16 applied $3,216.50 of direct labor to job no. 405, which will complete the job. (time ticket no. 130.)
applied factory overheard using the appropriate rate.
transferred the completed job to the finished goods account.

16 sold four standard vanity units to a cash customer for $1,400.00. the cost of the goods shipped from finished goods inventory was $1,000.00

17 reequisitioned $1,117.50 of indirect materials and factory supplies to be used in all factory jobs currently in process. (materials requisition no. 684.)

17 signed a contract with evie interiors for the manufacture of 120 counter units. the promise date is february 15. the company began the job today, applying $4,220.00 of direct materials to job no. 407. (materials requisition no. 685).

17 paid the sales manager of luxurious spa, inc. $142.62 for customer entertaining.

18 received a report from the treasurer that hawkins contractors, one of our customers, has declared bankruptcy. wrote off the balance owed to luxurious spa, inc. by hawkins contractors.

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.

22 purchased $10,232.16 of direct materials from nyland supply company, credit terms net 30 days.

22 accepted a job for the manufacture of 12 sauna units for oakwood designers. the promise date is january 31. the company began the job today, applying $2,468.10 of direct materials to job no. 408. (materials requisition no. 686.)

24 paid gabehart container corporation the amount due today from the january 9 purchase.

25 applied $1,660.00 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 good account.

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.

26 applied $3,640.00 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.

29 sold and shipped job no. 408 to the appropriate customer. refer to the job cost record for the total cost of the job for billing purposes.

29 paid deboard tool company amount due in payment of the january 1 balance.

29 received a check from reddy contractors, inc. for the amount due after the discount period has expired.

29 paid post office $500.00 for postage added to postage meter. expense this amount.

29 paid telephone compnay $250.00 for january phone services.

29 paid pearl advertising company $1,000.00 for designing ads for our new internet website.

29 paid allied power and light company $4,216.00 for heat, power, and light. allocate 25% of this amount to electricty expense and 75% to factory overhead.

31 applied $1,000.00 of direct labor to job no. 404. (time ticket no. 133.)
applied factory overhead using the appropriate rate. this job will not be completed until february.

31 applied $4,220.00 of direct labor to job no. 497. (time ticket no. 134.)
applied factory overhead using the appropraite rate. this job will not be comleted until march.

31 applied $1,160.00 of direct labor to job no. 406. (time ticket no. 135.)
applied factory overhead using the appropriate rate. this job will not be completed until february.
31 record the employer payroll taxes for january. all payroll taxes relating to factory personnel are debited to factory overhead; all payroll taxes related to nonfactory personnel are debited to payroll taxes expense-general. use a simplified fica tax rate of 7.5% of gross pay, a state unemploment tax rate of 5.4% and a federal unemployment tax rate of 0.8%. since this is the first month in the current year, no employee has reached the ceilings on the payroll taxes. use the form on page 46 (optional)to dtermine the amounts for the journal entry.

31 received a check from smith contractors for the amount due

31 received a check from loren builders for the amount due after the discount periods has expired.