Alice Company uses a Job Order Costing System. During the month the following transactions were completed. Record the journal entries for each transaction. July 1 Raw materials were purchased on account for $650,000. July 3 $580,000 of raw materials was issued for production. 25% of these materials were used in the direct manufacture and the remainder was used indirectly. July 4 Employee salaries were accrued as follows: direct labour $750,00, indirect labour $85,000, selling $25,000 and administrative $10,000. July 7 $100,000 of advertising expense was paid in cash. July 31 Utility costs factory incurred and accrued for $380,000 July 31 Used prepaid insurance for the month was $600,000 (80% was for factory the remainder was administrative) July 31 Depreciation of $450,000 was recorded (60% was attributed to factory the remaining was administrative) July 31 Manufacturing overhead was applied to jobs at the rate of 45% of direct labour costs for the month July 31 Goods costing $800,000 according to their job costs sheets were transferred to the finished goods warehouse July 31 Sales for the month totalled $250,000, all were on account. The total cost to manufacture the goods was $125,000