How to solve

Raw materials purchased on account, $$84,000.$

Incurred factory labor, $$89,600,$ all is direct labor.

Incurred the following overhead costs during the year: utilities $$7,616,$ depreciation on manufacturing machinery $$8,960,$ manufacturing machinery repairs $$10,304,$ factory insurance $$10,080($Credit Accounts Payable and Accumulated Depreciation$).$

Assigned $$89,600$ of factory labor to jobs.

Applied $$40,320$ of overhead to jobs.

Journalize the above transactions. $($Credit account titles are automatically indented when the amount is entered. Do not ind List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

Raw Materials Inventory

Accounts Payable

Factory Labor

Factory Wages Payable

Manufacturing Overhead

Accounts Payable

Accumulated Depreciation$-$Buildings