\begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Howie Stars } \\ \hline \multicolumn{4}{|c|}{ Trial Balance } \\ \hline \multicolumn{4}{|c|}{ June 1, 2024} \\ \hline & & \multicolumn{2}{|c|}{ Balance } \\ \hline Account Title & \multicolumn{2}{|r|}{ Debit } & \multirow[t]{2}{*}{ Credit } \\ \hline Cash & $ & 21,000 & \\ \hline Accounts Receivable & & 165,000 & \\ \hline \multicolumn{4}{|l|}{ Inventories: } \\ \hline Raw Materials & & 5,500 & \\ \hline Work-in-Process & & 41,100 & \\ \hline Finished Goods & & 21,300 & \\ \hline Property, Plant, and Equipment & & 240,000 & \\ \hline Accumulated Depreciation & & $ & 78,000 \\ \hline Accounts Payable & & & 131,000 \\ \hline Wages Payable & & & 3,300 \\ \hline Common Stock & & & 145,000 \\ \hline Retained Earnings & & & 136,600 \\ \hline Sales Revenue & & & 0 \\ \hline Cost of Goods Sold & & 0 & \\ \hline Manufacturing Overhead & & 0 & \\ \hline Selling and Administrative Expenses & & 0 & \\ \hline Total & & 493,900 \$ & 493,900 \\ \hline \end{tabular} - Raw Materials Inventory subsidiary ledger: Paper, $4,100; indirect materials, $1,400 - Work-in-Process Inventory subsidiary ledger: Job 120, \$41,100; Job 121, \$0 - Finished Goods Inventory subsidiary ledger: Large Stars, $9,200; Small Stars, $12,100 Requirements 1. Journalize the transactions for the company. 2. T-accounts for the general ledger, the Raw Materials Inventory subsidiary ledger, the Work-in-Process Inventory subsidiary ledger, and the Finished Goods Inventory subsidiary ledger have been opened for you along with each account's balance as given. Post the journal entries to the T-accounts using the transaction letters as a reference. 3. Prepare a trial balance at June 30,2024. 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost of goods manufactured for the month of June. 5. Prepare an income statement for the month of June. Review the journal entries you prepared in Requirement 1. \begin{tabular}{l|l|l|} \multicolumn{3}{c}{ Raw Materials Inventory } \\ \hline Bal. & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Finished Goods Inventory } \\ \hline Bal. & 21,300 & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{l} \multicolumn{3}{c}{ Property, Plant, and Equipment } \\ \hline Bal. \\ \hline \end{tabular} \begin{tabular}{l|l|l|} \multicolumn{2}{c}{ Accounts Payable } \\ \hline & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{l|l|l|} \multicolumn{2}{c}{ Wages Payable } \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Common Stock Retained Earnings Sales Revenue Cost of Goods Sold \begin{tabular}{|l|l|l|} \hline \\ \hline \end{tabular} Manufacturing Overhead \begin{tabular}{l|l|l|} \hline \\ \hline & & \\ \hline \end{tabular} Selling and Admin. Expenses \begin{tabular}{|l|l|l|} \hline & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} one posting.) \begin{tabular}{l|l|l|l|} \multicolumn{3}{c}{ Indirect Materials } \\ \hline Bal. 1,400 & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline \end{tabular} along with a "Bal." reference on the normal side of the T-account.) \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ Job 120} \\ \hline Bal. & 41,100 \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Job 121 Post the transactions to the Finished Goods Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and calculate the ending balance "Bal." of each account. \begin{tabular}{l|l|l|l|} \multicolumn{4}{c}{ Large stars } \\ \hline Bal. 9,200 & \\ \hline & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ Small stars } \\ \hline Bal. & 12,100 \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Requirement 3. Prepare a trial balance at June 30, 2024. (Leave both the Debit and Credit column cells blank for accounts with a zero balance at_June_30_) Review the general ledger accounts you prepared in Requirement 2. Requirement 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost of goods manufactured for the month of June. Review the Work-In-Process Inventory general ledger account you prepared in Requirement 2. Requirement 5. Prepare an income statement for the month of June. Review the trial balance you prepared in Requirement 3. Review the journal entry for underallocated manufacturing overhead you prepared in Requirement 1