Indicate the accounts that would be debited and credited for ABC,Inc. a manufacturer of computers.

Prepare journal entries to record the information given below. ( write down the detailed of your calculation process)

1)purchase $100,000 of material inventory

2) issued processor chips into production job 15 $42,000 and $30,000 for job 18.

3) incurred $35,000 of direct labor cost,$20,000 related to job 15 and $15,000 related to job 18

4) recorded and paid $20,000 of direct labor for the first week of production

5)received but did not paid the December utility bill $1050 for the production plant,incurred indirect labor of $27,000 and incurred $19,000 of machine and plant depreciation ( you may use "various account" as the offset)

6) applied overhead to job 15 and job 18 at a rate of 150% of direct labor cost.

7) completed but did not sell job 15 and job 18

8) closed out manufacturing overhead.