Avery Stars produces stars for elementary teachers to reward their students. Avery Stars' trial balance on June $1$ follows:

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June $1$ balances in the subsidiary ledgers were as follows:

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June transactions are summarized as follows:

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Read the requirements.

Requirement $1.$ Journalize the transactions for the company. $($Record debits first, then credits. Exclude explanations from any journal entries.$)$

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a$.$ Collections on account, $$155,000.$

b$.$ Selling and administrative expenses incurred and paid, $$15,000.$

c$.$ Payments on account, $$35,000.$

d$.$ Materials purchased on account: Paper, $$27,700$; indirect materials, $$3,300.$

e$.$ Materials requisitioned and used in production:

$\backslash$table$[[$Job $120$: Paper,,$$,800],[$Job $121$: Paper,,$$,7,550],[$Indirect materials,,$$,1,800]]$

f$.$ Wages incurred during June, $$41,000.$ Labor time records for the month: Job $120,$$$3,800$; Job $121,$$$16,500$; indirect labor, $$20,700.$

g$.$ Wages paid in June include the balance in the Wages Payable at May $31$ plus $$39,000$ of wages incurred during June.

h$.$ Depreciation on plant and equipment, $$3,200.$

i$.$ Manufacturing overhead allocated at the predetermined overhead allocation rate of $80\%$ of direct labor costs.

j$.$ Jobs completed during the month: Job $120$ with $500,000$ Large Stars at a total cost of $$48,940.$

k$.$ Sales on account: all of Job $120$ for $$120,000.$

l$.$ Adjusted for overallocated or underallocated manufacturing overhead.

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Raw Materials Inventory subsidiary ledger: Paper, $$4,100$; indirect materials, $$1,400$

Work$-$in$-$Process Inventory subsidiary ledger: Job $120,$$$41,300$; Job $121,$$$0$

Finished Goods Inventory subsidiary ledger: Large Stars, $$9,800$; Small Stars, $$13,000$

Data table

$\backslash$table$[[\backslash$table$[[$Avery Star$],[$Trial Balanc$],[$June $1,202]],,,],[,$Balance$],[$Account Title,,Debit,Credit$],[$Cash$,$$$,15,000,],[$Accounts Receivable,,$180,000,],[$Inventories:$],[$Raw Materials,,$5,500,],[$Work$-$in$-$Process,,$41,300,],[$Finished Goods,,$22,800,],[$Property$,$ Plant, and Equipment,,$300,000,],[$Accumulated Depreciation,,$$,70,000],[$Accounts Payable,,,$133,000],[$Wages Payable,,,$1,800],[$Common Stock,,:.,$143,000],[$Retained Earnings,,,$216,800],[$Sales Revenue,,,$0],[$Cost of Goods Sold,,$0,],[$Manufacturing Overhead,,$0,],[$Selling and Administrative Expenses,,$0_{?},],[$Total$,$$$,564,600$$$,564,600]]$