Instruction Chart of Accounts General Journal Instruction Zang Co. manufacturs its products in a continuous process involving two departments, Machining and Assembly. The following transactions are related to production during June: (a) Materials purchased on June 1) on account, $180,000 (b) Materials requisitioned by Machining, $73,000 direct and $9,000 indirect materials Assembly, 54,900 indirect materials (c) Direct labor used by Machining, $23,000: Assembly. 547,000 (d) Depreciation expenses: Machining, 54,500; Assembly, 57,800 (6) Factory overhead applied: Machining, 59,700, Assembly, $11.300 Machining Department transferred 96,300 to Assembly Department Assembly Department transferred 583.400 to finished goods ( Sold goods on account, $100,000, cost of goods sold, 568,000 Required: Prepare journal entries to record the transactions related to production on June 30. Mefer to the Chart of Accounts for exact wording of account os Note: Prepare transactions and in two separate entries) of Accounts ns are related to production during June: CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales art of Accounts for exact wording of account titles. 121 Accounts Receivable 122 Supplies 123 Prepaid Insurance 130 Materials 132 Work in Process Machining 133 Work in Process Assembly 134 Factory Overhead-Machining 135 Factory Overhead Assembly 136 Finished Goods 181 Land 191 Faxed Assets 192 Accumulated Depreciation EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Insurance Expense 532 Utilities Expense 533 Supplies Expense 560 Depreciation Expense 590 Miscellaneous Expense 710 Interest Expense Next 035 Supplies Expense hs are rel 560 Depreciation Expense 590 Miscellaneous Expense 710 Interest Expense Chart of Accounts 134 Factory Overhead-Machining mar 135 Factory Overhead Assembly 136 Finished Goods Mate 181 Land Mate 191 Fixed Assets Direc 192 Accumulated Depreciation Dan maluc LIABILITIES 210 Accounts Payable are jo 231 Notes Payable e Pres 232 Interest Payable 251 Wages Payable art of Account EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary aral Journal are journal entries to record the materials purchased on June and transactions related to production on June 30 Refer to the Chart of Account me: Prepare transactions and in two separate entries)