Identify entries in the corresponding accounts for the following transactions:

(a) You are running an engineering consultancy business and your client pays you $20,000 for a report you provided a month and a half ago. (b) A manufacturing company: (1) Receives $150,000 worth of raw material from a supplier. The company does not pay in cash now, but will do so in a month.

(2) Adds $30,000 in manufacturing labor costs and pays its employees immediately in cash.

(3) Completes the manufacturing of a product at a total cost of $200,000 and moves it to the finished goods inventory.

(4) Sells the product to the customer at the price of $272,000. The customer does not pay in cash now, but commits to doing so in a month. Please note that you should identify debits and credits. Also, indicate the change in accounts (up or down).