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Yellen Furnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $67,190 Polyester filling 19,100 Lumber 148,690 Glue 6,640 The materials purchased during June are summarized from the receiving reports as follows: Fabric $336,430 Polyester filling 470,450 Lumber 909,970 Glue 34,360 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $126,170 $157,080 $401,840 $685,090 Job 602 98,480 143,200 374,960 616,640 Job 603 93,500 115,630 206,150 415,280 Factory overheadindirect materials $34,320 34,320 Total $318,150 $415,910 $982,950 $34,320 $1,751,330 CHART OF ACCOUNTS Yellen Furnishings General Ledger ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable 126 Interest Receivable EXPENSES 131 Materials 510 Cost of Goods Sold 132 Work in Process 520 Wages Expense 133 Factory Overhead 134 Finished Goods 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 141 Supplies 142 Prepaid Insurance 534 Office Supplies Expense 540 Administrative Expenses 143 Prepaid Expenses 181 Land 560 Depreciation Expense-Factory 590 Miscellaneous Expense 191 Factory 192 Accumulated Depreciation-Factory 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends c. Determine the June 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, June 30 $ $ a. Journalize the June 1 entry to record the purchase of materials in June. * b. Journalize the June 3 entry to record the requisition of materials in June.* *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY