Create journal entries for the following. (28 points, 4 per entry) a) The company purchases $2,500 of leather on credit, which can create 250 individual wallets. b) The company starts production on 100 wallets.. c) Sarah pays her leatherworkers $40 per hour, for a total of 10 hours. She also pays her IT people $25 per hour, for 10 hours. d) Sarah pays $1,000 for rent in cash e) Sarah estimates that she will produce a total of 200 wallets this month. Apply overhead to the job in production. f) Sarah finishes production on 50 wallets. g) Sarah realizes that she won't produce 200 wallets this month. Apply any remaining overhead (assuming that she already sold the 50 wallets from step f)