Identify the accounts in which each of the following transactions for Acorn Furniture, a custom manufacturer of
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Identify the accounts in which each of the following transactions for Acorn Furniture, a custom manufacturer of oak tables and chairs, would be debited and credited:
1. Issued oak materials into production for job ABC
2. Recorded direct labor time for the first week in February for job ABC
3. Purchased indirect materials from a vendor on account
4. Received a production-related electricity bill
5. Applied overhead to job ABC
6. Completed but did not yet sell job ABC
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