(Journal entries) Waldrip’s Custom Awning Company installs awnings on resi¬ dential and commercial structures. The company had the following transactions for February 1998:

* Purchased $220,000 in building (raw) material on account.

■ Issued $185,000 of building (direct) material to jobs.

■ Issued $30,000 of building (indirect) material for use on jobs.

■ Accrued wages payable of $297,000, of which $237,000 could be traced di¬ rectly to particular jobs.

* Applied overhead to jobs on the basis of 60 percent of direct labor cost.

■ Completed jobs costing $333,000. For these jobs, revenues of $412,000 were collected.

Make all appropriate journal entries for the above transactions. (Hint: There is no finished goods inventory.)

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