During January, its first month of operations, Knox Company accumulated the following manufacturing costs: raw materials $5,430 on account, factory labor $6,120 of which $5,420 relates to factory wages payable and $700 relates to payroll taxes payable, and utilities payable $2,540. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)