Forest Components makes aircraft parts. The following transactions occurred in July: 1. Purchased $16,930 of materials on account. 2. Issued $16,800 in direct materials to the production department. 3. Issued $1,390 of supplies from the materials inventory. 4. Paid for the materials purchased in transaction (1) using cash. 5. Returned $2,190 of the materials issued to production in (2) to the materials inventory. 6. Direct labor employees earned $31,200, which was paid in cash. 7. Paid $17,250 for miscellaneous items for the manufacturing plant. Accounts Payable was credited. 8. Recognized depreciation on manufacturing plant of $36,300. 9. Applied manufacturing overhead for the month. Forest uses normal costing. It applies overhead on the basis of direct labor costs using an annual, predetermined rate. At the beginning of the year, management estimated that direct labor costs for the year would be $435,400. Estimated overhead for the year was $413,630. The following balances appeared in the inventory accounts of Forest Components for July: Beginning $ Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Ending 12,520 10,630 6,950 75,500 $2,750 Required: a. Prepare journal entries to record these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9