Data Table P17-32A (similar to) Avery Stars produces stars for elementary teachers to reward their students. Avery Stars trial balance on June 1 follows: (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances) June tran Clio Read the Avery Stars Trial Balance June 1, 2013 Requirement 1. Journaize the transactions for the company. (Record debits first, then credits. Exclude explanations from any journal entre a. Collections on account, $154,000 Date Accounts Debit Balance Debit Credit 24,000 150.000 5 Credit a. Account Title Cash Accounts Receivable Inventories Raw Materials Work in Process Finished Goods Property. Plant, and Equipment Accumulated Depreciation Accounts Payable Wages Payable 6300 41,300 20,700 $ 71000 133.000 3.300 Print Done Choose from any list or enter any number in the input fields and then click Check Answer Clear All 19 parts remaining > dS Tollows: (Click the icon to view the transactions.) follows: Read the requirements e company. (Record debits first, More Info - X ants . . Raw Materials Inventory subsidiary ledger Paper, S4,100, indirect materials $2,200 Work-in-Process Inventory subsidiary ledger Job 120, $41,300, Job 121, SO Finished Goods Inventory subsidiary ledger Large Stars, 99,600, Small Stars, $11,100 . Print Done input fields and then click Check Answer Clear All More Info a. Collections on account, $154,000. b. Selling and administrative expenses incurred and paid, $22,000 C. Payments on account, $35,000. d. Materials purchased on account: Paper, $24,500; indirect materials, $5,100. e. Materials requisitioned and used in production: a Job 120: Paper, $ 500 Job 121: Paper $ 7,650 Indirect materials, $ 1,400 f. Wages incurred during June, $37,000. Labor time records for the month: Job 120, $3,250; Job 121, $16,500 indirect labor, $17,250. g. Wages paid in June include the balance in the Wages Payable at May 31 plus $35,200 of wages incurred during June h. Depreciation on plant and equipment, $3,300. i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 50% of direct labor costs j. Jobs completed during the month: Job 120 with 600,000 Large Stars at a total cost of $46,675. k. Sales on account all of Job 120 for $125,000 1. Adjusted for overallocated or underallocated manufacturing overhead