D Question 3 10 pts During the first year of operations, Sharpin Tool accumulated the following manufacturing costs: Accounting Transactions No. Transactions Amount 1. Raw materials purchased on $12,000 account 2. Factory labor accrued $6,000 3. Incurred manufacturing overhead on account $4,000 Prepare separate journal entries for each manufacturing cost using the chart of accounts provided. Chart of Accounts Stockholders' Assets Liabilities Equity Cash Accounts Payable Common Stock Accounts Receivable Unearned Revenue Retained Earnings Raw Materials Inventory Work in Process Inventory Factory Wages Payable Notes Payable Sales Revenue Cost of Goods Sold Factory Labor Taxes Payable Utilities Expense Manufacturing Overhead Interest Payable Supplies Expense Finished Goods Inventory Employer Payroll Taxes Payable Selling Expense Assets Cash Liabilities Stockholders' Equity Accounts Payable Common Stock Accounts Receivable Unearned Revenue Retained Earnings Raw Materials Inventory Factory Wages Payable Sales Revenue Work in Process Notes Payable Cost of Goods Sold Inventory Factory Labor Taxes Payable Utilities Expense Manufacturing Overhead Interest Payable Supplies Expense Finished Goods Employer Payroll Selling Expense Inventory Taxes Payable Employer Fringe Supplies Insurance Expense Benefits Payable Prepaid Insurance Depreciation Expense Equipment Building Land Accumulated Depreciation List debit transactions first and then list credit transactions. Use accounts provided in the Chart of Accounts above. Do NOT create your own account. . When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. NOT create your own account. When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. General Journals Account Titles and No. Debit ($) Credit ($) Explanation 1. 2. 3. To record raw materials purchased on account To record factory labor accrued To record manufacturing overhead on account