During May, the following transactions were completed and reported by Jerico Company:

Journal Entries, T-Accounts, Cost of Goods Manufactured and Sold During May, the following transactions were completed and reported by Jerico Company: a. Materials purchased on account, $60,100. b. Materials issued to production to fill job-order requisitions: direct materials, $50,000; indirect materials, $8,800. C. Payroll for the month: direct labor, $75,000; indirect labor, $35,000; administrative, $28,000; sales, $19,000. d. Depreciation on factory plant and equipment, $10,500. e. Property taxes on the factory accrued during the month, $1,450. f. Insurance on the factory expired with a credit to the prepaid insurance account, $6,200. g. Factory utilities, $5,500. h. Advertising paid with cash, $7,900. i. Depreciation on office equipment, $800; on sales vehicles, $1,680. j. Legal fees incurred but not yet paid for preparation of lease agreements, $750. k. Overhead is charged to production at a rate of $18 per direct labor hour. Records show 4,000 direct labor hours were worked during the month. I. Cost of jobs completed during the month, $150,000. The company also reported the following beginning balances in its inventory accounts: Materials Inventory $7,500 Work-in-Process Inventory 37,000 Finished Goods Inventory 50,000 Required: 1. Prepare journal entries to record the transactions occurring in May. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Materials 60,100 Accounts Payable 60,100 b. Work in Process 37,000 X Overhead Control 8,800 Materials 58,800 Work in Process C. 75,000 Overhead Control 8,800 x IIII Administrative Expense 28,000 Selling Expense 19,000 Wages Payable 158,000 X d. Overhead Control 8,800 x Accumulated Depreciation 8,800 X e. Overhead Control 8,800 X Property Taxes Payable 8,800 X f. Overhead Control 5,500 X Prepaid Insurance 5,500 X Overhead Control g. 7,900 X Utilities Payable 7,900 X h. Selling Expense 7,900 Cash 7,900 i. Administrative Expense 800 Selling Expense NE 1,650 X Accumulated Depreciation 2,450 X j. Administrative Expense 750 Accounts Payable 750 k. Work in Process 72,000 Overhead Control 72,000 1. Finished Goods 160,000 X Work in Process 160,000 X