During January, its first month of operations, Knox Company accumulated the foll

Question

During January, its first month of operations, Knox Company accumulated the following manufacturing costs: raw materials $5,800 on account, factory labor $6,710 of which $5,753 relates to factory wages payable and $957 relates to payroll taxes payable, and utilities payable $2,960. During January, time tickets show that the factory labor of $6,710 was used as follows: Job 1 $2,318, Job 2 $1,767, Job 3 $1,591, and general factory use $1,034.

Prepare a summary journal entry to record factory labor used.

Date

Account Titles and Explanation

Debit

Credit

Date

Account Titles and Explanation

Debit

Credit

Explanation / Answer

During January, its first month of operations, Knox Company accumulated the foll

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