can you explain each stop please

Homework Assignments (Exer X Do Homework - Rawa Jakkou X + - C mathxl.com/Student/PlayerHomework.aspx?homeworkid=580667832&questionld=1&flushed=false&cld=6253128¢erwin=yes Apps YouTube 2 Maps News M Gmail zoon.us C My Devices | Che. ... Settings - Security Acct 1090 - Prof. Edwards - Late Start Fall 2020 Rawa Jakkou & | 10/20/20 7:48 PM Homework: Week Three: Homework Mastery Problem Chapter 2 (ma Save Score: 0 of 8 pts 1 of 1 (0 complete) PM2-35A (similar to) HW Score: 0%, 0 of 8 pts Helen Stars produces stars for elementary teachers to reward their students. Helen Sta Requirements X More Info 1. Journalize the transactions for the company. 2. T-accounts for the general ledger, the Raw Materials Inventory subsidiary Data Table Raw Materials Inventory subsidiary ledger: Paper, $4,700; indirect materials, $1,200 ledger, the Work-in-Process Inventory subsidiary ledger, and the Finished Work-in-Process Inventory subsidiary ledger: Job 120, $39,400; Job 121, $0 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 Cash 16,000 Finished Goods Inventory subsidiary ledger: Large Stars, $9,400; Small Stars, $11,300 the transaction letters as a reference. 3. Prepare a trial balance at June 30, 2024. Accounts Receivable 185,000 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost Inventories: Print Done of goods manufactured for the month of June. 5. Prepare an income statement for the month of June. Raw Materials 5,900 Work-in-Process 39,400 Finished Goods a. Collections on account, $140,000. 20,700 b. Selling and administrative expenses incurred and paid, $33,000. Print Done Property, Plant, and Equipment 290,000 c. Payments on account, $40,000. d. Materials purchased on account: Paper, $21,600; indirect materials, $4,800. Accumulated Depreciation 73,000 e. Materials requisitioned and used in production: Accounts Payable 127,000 Job 120: Paper, 650 Wages Payable 1,500 Job 121: Paper, 7,550 Common Stock 144,000 Indirect materials, $ 1,800 Retained Earnings 211,500 f. Wages incurred during June, $35,000. Labor time records for the month: Job 120, $3,250; Job 121, $18,500; indirect Sales Revenue O labor, $13,250. g. Wages paid in June include the balance in the Wages Payable at May 31 plus $33,700 of wages incurred during Cost of Goods Sold June. Manufacturing Overhead O h. Depreciation on plant and equipment, $2,800. i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 80% of direct labor costs. Selling and Administrative Expenses O Jobs completed during the month: Job 120 with 300,000 Large Stars at a total cost of $45,900. k. Sales on account: all of Job 120 for $100,000. All Total 557,000 $ 557,000 . Adjusted for overallocated or underallocated manufacturing overhead