Boyd Corporation is a manufacturer that uses job-order costing. On January 1,2024 , the company's inventory balances were as follows: The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, 2024, the company's predetermined overhead rate per direct labor-hour was based on a cost formula that estimated $835,000 of total manufacturing overhead for an estimated activity level of 76,000 direct labor-hours. Manufacturing Accounts \begin{tabular}{|l|l|l|} \hline Accounts Receivable & Yes \\ \hline Raw Materials Inventory & No \\ \hline Work-in-Process Inventory & \\ \hline Finished Goods Inventory & \\ \hline Accounts Payable \\ \hline Wages Payable & \\ \hline Sales Revenue & \\ \hline Manufacturing Overhead & \\ \hline Cost of Goods Sold & \\ \hline Selling \& Administrative Expense & & \\ \hline \end{tabular} The following transactions were recorded for the year: a Raw materials were purchased on account, \$570,000. Raw materials used in production, $540,000. All of the raw materials were used as direct materials. The following costs were accrued for employee services: direct labor, $660,000; indirect labor, $210,000; selling and administrative salaries, $290,000. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished d goods warehousing), $432,000. e Incurred various manufacturing overhead costs (e.g., rent, insurance, and utilities), $565,000. Manufacturing overhead cost was applied to production. The company actually worked 52,000 direct f labor-hours on all jobs during the year. Jobs costing $1,745,000 to manufacture according to their job cost sheets were completed during the 9 year. Jobs were sold on account to customers during the year for a total of $2,865,000. The jobs cost h $1,755,000 to manufacture according to their job cost sheets. Requirement 2 Journalize the transactions in the general journal