In the course of routine checking of all journal entries prior to preparing year-end reports, Betty Eller discovered several strange entries. She recalled that the president's son Joe had come in to help out during an especially busy time and that he had recorded some journal entries. She was relieved that there were only a few of his entries, and even more relieved that he had included rather lengthy explanations. The entries Joe made were: Work in Process Inventory Cash (1) 23,000 23,000 (This is for materials put into process. I don't find the record that we paid for these, so I'm crediting Cash because I know we'll have to pay for them sooner or later.) (2) Manufacturing Overhead 9,500 Cash 9,500 (This is for bonuses paid to salespeople. I know they're part of overhead, and I can't find an account called "Non-Factory Overhead" or "Other Overhead" so I'm putting it in Manufacturing Overhead. I have the check stubs, so I know we paid these.) Wages Expense Cash (3) 112,000 112,000 (This is for the factory workers' wages. I have a note that employer payroll taxes are $16,800. I still think that's part of wages expense and that we'll have to pay it all in cash sooner or later, so I credited Cash for the wages and the taxes.) (4) Work in Process Inventory 2,000 Raw Materials Inventory 2,000 (This is for the glue used in the factory. I know we used this to make the products, even though we didn't use very much on any one of the products. I got it out of inventory, so I credited an inventory account.) How should Joe have recorded the first event? (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles Work in Process Inventory Raw Materials Inventory eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: unlimited Submit