Create separate journal entries for the following transactions.

1/3Received $12,000 from customers paying on account. 1/5 Purchased raw materials on account from Smith Co. for $100,000 1/12 Requisitioned raw materials from the warehouse for Job #107-Total $35,000 1/16 Made a partial payment of $50,000 on the materials purchased on January 5 and issued a 60- day, 12% note payable for the balance Requisitioned raw materials from the warehouse for Job #108-Total $55,000 Direct labor for the month was used as follows: 1/18 1/31 Job #107--$40,000 Job #108--$80,000 The direct labor employees were paid in cash (no withholdings) Paid $50,000 for Indirect Labor. (No withholdings.) Paid administrative salaries for the month of $2,000 and sales salaries of $1,000. (No withholdings.) Received and paid the utility bill of $2,000. The company determined that $1,400 related to the factory and $600 to selling and administrative activities. Estimated property taxes for the month at $1,000. Allocate $700 to the factory and $300 to selling and administrative activities Prepare the adjusting entry to accrue interest on the 1/16 note to Smith Company Prepare adjusting entries for depreciation for one month. Use straight-line depreciation and no salvage value. 1/31 1/31 1/31 1/31 1/31 1/31 Factory Building 40-year life Factory Machinery 20-year life Office Building 20-year life Office Equipment 10-year life 1/31 1/31 1/31 Factory overhead is applied to production at 50% of direct labor dollars. Prepare the entry. Job #107 is complete. Prepare the necessary entry The remainder of Job#106 and 1,800 units of Job #107 are sold for cash of $193,000. Prepare the necessary entry (or entries) 1/31 If there is any over or underapplied manufacturing overhead, glose the amount into Cost of Goods Sold. Hint - view the Manufacturing Overhead account in the General Ledger