1 The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm. 2.85 oints 1. Purchased $17,500 of materials on account. 2. Issued $950 of supplies from the materials inventory. 3. Purchased $11,500 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $13,900 in direct materials to the production department. 6. Incurred direct labor costs of $21,500, which were credited to Wages Payable. 7. Paid $21,500 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. 8. Applied overhead on the basis of 130 percent of $21,500 direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $10,300. eBook Print References The following balances appeared in the accounts of Steve's Cabinets for April. Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Beginning Ending $30,090 ? 6,900 ? 33,500 $28,790 53,130 Required: a. Prepare journal entries to record the transactions. b. Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold. 1 Required A Required B Prepare journal entries to record the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2.85 points View transaction list eBook Journal entry worksheet Print References A B E H 1 > Purchased $17,500 of materials on account. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Required A Required B Prepare journal entries to record the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Issued $950 of supplies from the materials inventory. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Required A Required B Prepare journal entries to record the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet