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...

Extracted 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 PAGE 10 251 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