Lone Star Manufacturing Co.

JOURNAL
DATE PARTICULARS PR
A. Materials (DM)
Factory supplies
Accounts payable

B. Work in process
Factory overhead control (IM)
Materials

C. Payroll
Wages payable

Wages Payable
Cash

D. Work in process
Factory overhead control (IL)
Sales and Administrative Expense
Payroll

E. Factory overhead control (Depreciation-BLDG)

Sales and Administrative Expense
Accumulated Depreciation (BLDG)

Factory overhead control

Accumulated Depreciation (FACTORY EQUIPT.)

Factory overhead control

Accumulated Depreciation (OFFICE EQUIPT.)

F. Factory overhead control (miscellaneous)

Sales and Administrative Expense (office function)
Accounts payable

G. Work in process
Factory overhead applied
H. Finished goods
Work in process

I. Accounts Receivable
Sales

Cost of goods sold

Finished Goods

J. Cash
Accounts Receivable

K. Accounts Payable
Cash
Co.

DEBIT CREDIT
50000.00
8000.00
58000.00 INDIRECT MATERIAL 5500.00
INDIRECT LABOR 2500.00
41000.00 DEPRECIATION(BLDG) 520.00
5500.00 DEPRECIATION (EQUIPT.) 1800.00
46500.00 FOH (miscellaneous) 3900
TOTAL FOH 14220.00
39000.00
39000.00

39000.00
39000.00

31500.00
2500.00
5000.00
39000.00

520.00
130.00
650.00

1800.00
1800.00

200.00
200.00

3900.00
1300.00
5200.00

14220.00
14220.00
79000.00
79000.00

128000.00
128000.00

87000.00
87000.00

105000.00
105000.00

55000.00
55000.00
 CASH ACCOUNTS RECEIVABLE
BEG. 15,000.00 39,000.00 C BEG. 18,000.00
(J) 105,000.00 55,000.00 (K) (I) 128,000.00
120,000.00 94,000.00 146,000.00
26,000.00 41,000.00

BUILDING FACTORY EQUIPMENT

BEG. 156,000.00 BEG. 108,000.00

156,000.00 108,000.00

ACCUM. DEPRECIATION-EQUIPT ACCOUNTS PAYABLE

2,000.00 BEG. (K) 55,000.00
200.00 E
2,200.00
55,000.00

SALES AND ADM. EXPENSE WAGES PAYABLE

(D) 5,000.00 39,000.00
E 130.00
(F) 1,300.00 -
6,430.00
FACTORY OVERHEAD APPLIED
14,220.00 (G)

14,220.00
 Lone Star Manufacturing Co.
LEDGER
CCOUNTS RECEIVABLE FINISHED GOODS
105,000.00 (J) BEG. 25,000.00 87,000.00 (I) BEG.
(H) 79,000.00 (B)
105,000.00 104,000.00 87,000.00 (D)
17,000.00 (G)

FACTORY EQUIPMENT OFFICE EQUIPMENT

BEG. 12,000.00

12,000.00

ACCOUNTS PAYABLE CAPITAL STOCK

30,000.00 BEG. 175,000.00 BEG.
58,000.00 (A)
5,200.00 (F) 175,000.00
93,200.00
38,200.00

WAGES PAYABLE COST OF GOODS SOLD

39,000.00 C (I) 87,000.00

87,000.00
 WORK IN PROCESS MATERIALS
4,000.00 79,000.00 (H) BEG. 8,000.00 46,500.00
41,000.00 (A) 50,000.00
31,500.00 (A) 8,000.00
14,220.00 66,000.00 46,500.00
90,720.00 79,000.00 19,500.00
11,720.00

ACCUM. DEPRECIATION-BLDG ACCUM. DEPRECIATION-EQUIPT

23,400.00 BEG. 54,000.00
650.00 E 1,800.00
24,050.00 55,800.00

RETAINED EARNINGS FACTORY OVERHEAD CONTROL

61,600.00 BEG. (B) 5,500.00
(D) 2,500.00
61,600.00 E 520.00
E 1,800.00
E 200.00
(F) 3,900.00
14,420.00

SALES PAYROLL
128,000.00 (I) C 39,000.00 39,000.00

128,000.00 -
(B)

BEG.
E

(D)
 Lone Star Manufacturing co
Trial Balance
October 31, 2011
Cash 26,000.00
Accounts Receivable 41,000.00
Work in process 11,720.00
Finished Goods 17,000.00
Materials 19,500.00
Building 156,000.00
Accumulated Depreciation - Building 24,050.00
Factory Equipment 108,000.00
Accumulated Depreciation - Equipt 55,800.00
Office Equipment 12,000.00
Accumulated Depreciation - Equipt 2,200.00
Accounts Payable 38,200.00
Capital Stock 175,000.00
Sales 128,000.00
Cost of Goods Sold 87,000.00
Factory Overhead Cotrol 14,420.00
Factory Overhead applied 14,220.00
Retained Earnings 61,600.00
Selling and Administrative Expense 6,430.00
499,070.00 499,070.00