Irepare journal entries to record the transactions given above. (If no entry is required for a transaction/event, iselect "No journal entry equired" in the first account fieid.) Journal entry worksheet Requlred: 1. Prepare journal entries to record the transactions given above. 2 Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the felevant transactions from above to each account. Compute the ending balance Jn each account, assuming that Work in Process has a beginining balance of $35,000. Complete this question by entering your answers in the tabs below. The Polaris Company uses a job-order costing system. The following transactions occurred in October. a. Raw materlals purchased on account, $210,000. b. Raw materials used in production, $190,000 ( $152,000 direct materials and $38,000 indirect materials) c. Accrued direct labor cost of $49,000 and indirect labor cost of $21,000. d. Depreciation recorded on factory equipment, $105,000. e. Other manufacturing overhead costs accrued during October, $130,000 1. The company applies manufacturing overhead cost to production using a predetermined rate or $8 per machine-hour. A total of 76,100 machine-hours were used in Octobet. 9. Jobs costing $512,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $447,000 to complete according to their job cost sheets were shipped to customers during the month These jobs were sold on occount at 36% above cost. Required: 1. Prepare journal entries to record the transactions given above. 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account compute the ending balance in each account, assuming that Work in Process has a beginning balance of $35.000. Complete this question by entering your answers in the tabs below. required in the firnt actount field