CHART OF ACCOUNTS GenX Furnishings Company General Ledger REVENUE 10 Sales 110 Cash 21 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 610 Interest Revenue 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 33 Factory Overhead 134 Finished Goods 142 Prepaid Insurance 590 Miscellaneous Expense Factory 710 210 Accounts Payable 236 Interest Payable 251 Wages Payable 252 Consultant Foes Payable 40 Reained Eaming f FunatuquCompany mandactres desgertmare. GenK Furnishings uses a stundercosuysten. Balances on Jne1from the matnaamter are Fabric Polyester ling 5 40,500 28,800 62,400 6,550 The materiails purchased during June are summarized from the receiving reoorts as follows Fabric Polyester filling 180,000 360,000 40,000 Glue Materials were requisitioned to individual jobs as follows Job 601 Job 602 Job 803 Fabric Polyester Filing Lumber Glue Total $205,000$75,000 $120,000 110,00036,000 88,000 130,00055,000125,000 400,000 234,000 310,000 $34,800 34,800 $445,000 $166,000 $333,000 $34,800 $978,800 a Joumalize the June 1 entry to record the purchase of materials in June b Joumalize the June 3 entry to record the requisition of materials in June C Determine the June 30 balances that wouldf be shown in the materiais ledger accounts Joumalize the June 1 entry to record the purchase of materials in June eler to the Chart of Accounts for exact wording of account tites PAGE 10 JOURNAL POST. REF DEBIT CREDIT etermine the June 30 balances that would be shown in the materials ledger accounts Fabric Polyester Filling Lumber Glue alance, June 30