Following the format of job order summaries of journal entry; prepare journal entries to record the following transactions and events for August using a job order costing system.

(a) Purchased raw materials on credit, $75,000. (b) Raw materials requisitioned: $46,000 direct and $7,600 indirect. (c) Factory payroll totaled $64,000, including $9,500 indirect labor. (d) Paid other actual overhead costs totaling $17,400 cash. (e) Applied overhead totaling 90% of direct labor cost. (f) Finished and transferred jobs totaling $88,500. (g) Jobs costing $78,800 were sold on credit for $122,000.