Journalize the entries to record the summarized operations. Refer to the Chart of Accounts for exact wording of account titles.

Instructions Munson Co. uses a job order cost system. The following data summarize the operations related to production for July: July 1 Materials purchased on account, $644,380. 2 Materials requisitioned, $670,250, of which $71,770 was for general factory use. Factory labor used, $637,900, of which $88,640 was indirect 31 31 Other costs incurred on account for factory overhead, $142,060; selling expenses, $238,560; and administrative expenses, $151,300 31 Prepaid expenses expired for factory overhead were $29,450; for selling expenses, $27,540; and for administrative expenses, $18,720 31 Depreciation of office building was $84,480; of office equipment, $43,730; and of factory equipment, $32,270. Factory overhead costs applied to jobs, $379,790 31 31 Jobs completed, $988,380. Cost of goods sold, $921,340. 31 Required: Journalize the entries to record the summarized operations. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts REVENUE ASSETS 110 Cash 410 Sales 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable EXPENSES 126 Interest Receivable 510 Cost of Goods Sold 131 Materials 520 Wages Expense 132 Work in Process 531 Selling Expenses 133 Factory Overhead 532 Insurance Expense 134 Finished Goods 533 Utilities Expense 141 Supplies 534 Office Supplies Expense 142 Prepaid Insurance 540 Administrative Expenses 143 Prepaid Expenses 561 Depreciation Expense-Office Building 181 Office Building 191 Office Equipment 562 Depreciation Expense-Office Equipment 590 Miscellaneous Expense 192 Accumulated Depreciation-Buildings and Equipment 710 Interest Expense Chart of Accounts VI 192 ACCumulatea Depreciation-Bullaings ana Equipment 710 Int LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary