Menezes Company had the following transactions in March:
(a) Materials were purchased on account, $40,000.
(b) Materials were requisitioned: $33,000 for production and $2,000 for indirect factory use.
(c) Total payroll of $40,000 was recorded.
(d) The payroll was paid.
(e) Of the total payroll, $32,000 was direct labor and $8,000 was indirect factory labor.
(f) Various factory overhead costs totaling $4,000 were paid in cash.
(g) Various factory overhead costs totaling $18,000 were incurred on account.
(h) Other factory overhead consisted of $2,100 depreciation, $780 expired insurance, and $1,250 accrued property taxes.
(i) Total factory overhead was charged to the work in process account,
(j) Cost of completed production transferred to storage, $92,000.
(k) Sales on account were $80,000, half of which was collected. The cost of goods sold was 75% of the sales price.
Required
Prepare journal entries for these transactions.