Transcribed Image Text: Instructions Chart of Accounts 110 Cash 410 Sales Materials issued for the current month are as follows: 121 Accounts Receivable 610 Interest

Transcribed Image Text: Instructions
Chart of Accounts
110 Cash
410 Sales
Materials issued for the current month are as follows:
121 Accounts Receivable
610 Interest Revenue
125 Notes Receivable
Job
Requisition No. Material
No.
Amount
126 Interest Receivable
EXPENSES
103
Plastic
400
$2,800
131 Materials
510 Cost of Goods Sold
104
Steel
402
24,000
132 Work in Process
520 Wages Expense
1,620
133 Factory Overhead
531 Selling Expenses
105
Glue
Indirect
106
Rubber
403
3,200
134 Finished Goods
532 Insurance Expense
107
Titanium
404
31,600
141 Supplies
533 Utilities Expense
142 Prepaid Insurance
534 Office Supplies Expense
143 Prepaid Expenses
540 Administrative Expenses
181 Land
560 Depreciation Expense-
191 Factory
Factory
192 Accumulated Depreciation-
590 Miscellaneous Expense
Factory
710 Interest Expense
Journal
LIABILITIES
210 Accounts Payable
Journalize the entry on Dec. 31 to record the issuance of materials. Refer to the chart of accounts for the exact wording of the account titles. CNOW Journals do not use lines for journal
221 Utilities Payable
explanations. Every ine on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
231 Notes Payable
236 Interest Payable
241 Lease Payable
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251 Wages Payable
JOURNAL
ACCOUNTING EOUATION
252 Consultant Fees Payable
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
ASSETS
LIABILITIES
EQUITY
1
EQUITY
2
311 Common Stock
3
340 Retained Earnings
351 Dividends