Data table More info - Raw Materials Inventory subsidiary ledger: Paper, $4,100; indirect materials, $1,600 - Work-in-Process Inventory subsidiary ledger: Job 120, $41,100; Job 121, $0 - Finished Goods Inventory subsidiary ledger: Large Stars, $9,500; Small Stars, $10,500 School Stars produces stars for elementary teachers to reward their students. June transactions are summarized as follows: School Stars' trial balance on June 1 follows: (Click the icon to view the transactions.) (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: Read the requirements. (Click the icon to view the balances.) Requirement 1. Journalize the transactions for the company. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Collections on account, $153,000 a. Collections on account, $153,000. 1. Journalize the transactions for the company. b. Selling and administrative expenses incurred and paid, $33,000. 2. T-accounts for the general ledger, the Raw Materials Inventory subsidiary c. Payments on account, $37,000. ledger, the Work-in-Process Inventory subsidiary ledger, and the Finished d. Materials purchased on account: Paper, $22,900; indirect materials, $4,900. Goods Inventory subsidiary ledger have been opened for you along with each e. Materials requisitioned and used in production: account's balance as given. Post the journal entries to the T-accounts using the transaction letters as a reference. 3. Prepare a trial balance at June 30,2024. 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost of goods manufactured for the month of June. f. Wages incurred during June, $43,000. Labor time records for the month: Job 120, $3,750; Job 121,$17,500; indirect 5. Prepare an income statement for the month of June. labor, $21,750 g. Wages paid in June include the balance in the Wages Payable at May 31 plus $41,500 of wages incurred during June. h. Depreciation on plant and equipment, $2,600. i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 60% of direct labor costs. j. Jobs completed during the month: Job 120 with 200,000 Large Stars at a total cost of $47,600. Data table More info - Raw Materials Inventory subsidiary ledger: Paper, $4,100; indirect materials, $1,600 - Work-in-Process Inventory subsidiary ledger: Job 120, $41,100; Job 121, $0 - Finished Goods Inventory subsidiary ledger: Large Stars, $9,500; Small Stars, $10,500 School Stars produces stars for elementary teachers to reward their students. June transactions are summarized as follows: School Stars' trial balance on June 1 follows: (Click the icon to view the transactions.) (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: Read the requirements. (Click the icon to view the balances.) Requirement 1. Journalize the transactions for the company. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Collections on account, $153,000 a. Collections on account, $153,000. 1. Journalize the transactions for the company. b. Selling and administrative expenses incurred and paid, $33,000. 2. T-accounts for the general ledger, the Raw Materials Inventory subsidiary c. Payments on account, $37,000. ledger, the Work-in-Process Inventory subsidiary ledger, and the Finished d. Materials purchased on account: Paper, $22,900; indirect materials, $4,900. Goods Inventory subsidiary ledger have been opened for you along with each e. Materials requisitioned and used in production: account's balance as given. Post the journal entries to the T-accounts using the transaction letters as a reference. 3. Prepare a trial balance at June 30,2024. 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost of goods manufactured for the month of June. f. Wages incurred during June, $43,000. Labor time records for the month: Job 120, $3,750; Job 121,$17,500; indirect 5. Prepare an income statement for the month of June. labor, $21,750 g. Wages paid in June include the balance in the Wages Payable at May 31 plus $41,500 of wages incurred during June. h. Depreciation on plant and equipment, $2,600. i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 60% of direct labor costs. j. Jobs completed during the month: Job 120 with 200,000 Large Stars at a total cost of $47,600