Assigning Costs to Jobs: The following transactions occurred at the March Production Company, a job order custom manufacturer:

1. Purchased $40,000 in materials.

2. Issued $2,000 in supplies from the materials inventory.

3. Purchased materials costing $30,000.

4. Paid for the materials purchased in transaction I.

5. Issued $34,000 in materials to the production department.

6. Incurred direct labor costs of $50,000, which were credited to Payroll Payable.

7. Paid $80,000 cash for utilities, power, equipment maintenance, and other mis- cellaneous items for the manufacturing plant..

8. Applied overhead on the basis of 175 percent of $50,000 direct labor costs.

9. Recognized depreciation on manufacturing property, plant, and equipment of $21.000.

Required: Prepare journal entries to record the above transactions.