Cool Sun produces awnings and screens.Cool Sun uses job order costing. Prepare journal entries to reflect the following transactions.(HINT: Calculate the manufacturing overhead costs for one month only)

Aug. 4, 2015 Purchased fabric and aluminum to be used in the manufacturing process.The purchase price was $4,000, on account. Aug. 6, 2015 Transferred 60% of the raw materials purchased on August 4 into production for Job No. 234.($500 is indirect material). Aug. 30, 2015 Labor costs for Job No. 234 for production workers include 150 hours at $20 per hour.Labor costs for general maintenance workers include 15 hours at $50 an hour. Aug. 31, 2015 Factory overhead is applied at 110% of the direct labor cost. Aug. 31, 2015 Depreciation on the factory equipment is determined using the straight-line method. The equipment was purchased seven years ago for $60,000. It has a 10-year life and no salvage value. Aug. 31, 2015 The company purchased a one-year property insurance policy for the factory and equipment for $4,800 on January 1. The policy premium was originally debited to Prepaid Insurance. Aug. 31, 2015 Property Taxes on the factory are $3,600 for the year. Aug. 31, 2015 Factory utilities are $1,000 for the month of August. Aug. 31, 2015 Transferred Job No. 234 with total assigned costs to finished goods. Aug. 31, 2015 Sold and delivered the completed Job No. 234 to a customer for a 200% markup over cost, on account. Aug. 31, 2015 Close out the manufacturing overhead account.