Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @par value 37,600 42,000 COGS 131,400 174,753.00 Depreciation expense 21,600 23,449.00 Interest expense 16,200 16,329.00 Inventories 111,600 115,200 Long-term debt 135,000 137,027.00 Net fixed assets 377,762.00 399,600 Journal entry worksheet < 1 2 3 4 $88,000 in raw materials were purchased on account. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Journal entry worksheet < 1 3 4 $86,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Journal entry worksheet < 1 2 4 Total labor wages of $129,000 were paid in cash. Of this amount, $103,400 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Journal entry worksheet < 1 1 2 3 Depreciation of $196,000 was incurred on factory equipment. Note: Enter debits before credits. Transaction d. General Journal Debit Credit