Instructions: 1. Print this Document 2. Write your name at the top 3. Complete the assignment by hand 4. Scan the completed assignments 5. Submit the assignment though Canvas The following transactions occurred in during the month of January:

a) Purchased $10,000 of raw materials on account

b) Requisitioned $8,000 of materials for Jobs 101-105

c) Requisitioned $500 of materials for general factory use

d) Paid factory workers wages $7,500

e) Paid factory supervisor salary of $1,500

f) Paid factory rent and utilities of $4,000

g) Applied factory overhead: predetermined rate is $50 per direct labor hour. January Direct Labor hours = 100

h) Completed jobs 101 and 102 total product cost of $2,250

i) Sold job 101 which had product costs of $1,200 for $3,800.

25 26 27 28 29 30 25 26 27 28 29 30 Journalize under a Lean Accounting system - note not all transactions require a journal entry Description P/R Debit Credit Date 4 4 10 10 12 16 17 19 20 19 20 21 23 24 25 26 27 28 29 30 23 24 25 26 27 28 29 30