June transactions are summarized as follows: (Click the icon to view the transactions.) Helen Stars produces stars for elementary teachers to reward their students. Helen Stars' trial balance on June 1 follows: (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Read the requirements Begin with posting the transactions to the general ledger accounts. Key each transaction by transaction letter, and calculate the ending balance each account. (Post each entry by entering only one debitor credit to each T-account affected by the transaction. For accounts with a zero balance, enter a "0" along with a "Bal" reference on the normal side of the T-account.) Review the journal entries you prepared in Requirement 1. Cash Accounts Receivable Raw Materials Inventory Bal. 22.000 Bal 185,000 Bal. 5.600 150000 II Work-in-Process Inventory 39,500 Finished Goods Inventory 21,100 Property, Plant, and Equipment Bal. 240,000 Bal. Bal. Choose from any list or enter any number in the input fields and then continue to the next question. Work-in-Process Inventory Finished Goods Inventory Property, Plant, and Equipment Bal. 39,500 Bal. 21,100 Bal. 240,000 Accumulated Depreciation Accounts Payable Wages Payable 77,000 Bal. 130,000 Bal. 1,600 Bal. Choose from any list or enter any number in the input fields and then continue to the next question. Common Stock Retained Earnings Sales Revenue 145,000 Bal. 159,600 Bal. Cost of Goods Sold Manufacturing Overhead Selling and Admin. Expenses Choose from any list or enter any number in the input fields and then continue to the next question. Paper Indirect Materials Bal. 4,400 Bal. 1,200 Post the transactions to the Work-in-Process Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and balance, enter a "0" along with a "Bal." reference on the normal side of the T-account.) Job 120 Job 12 Bal. 39,500 Choose from any list or enter any number in the input fields and then continue to the next question. i (Click the icon to view the balances.) Post the transactions to the Finished Goods Inventory subsidiary ledger accounts. Key each transaction by transa Large stars Small stars Bal. 9,300 Bal. 11,800 Requirement 3 Prenare a trial balance at June 30 2024 (leave both the Debit and credit column cells blank for Data Tablo i More Info Helen Stars Trial Balance June 1, 2024 a. Collections on account, $150,000 b. Selling and administrative expenses incurred and paid, $22,000. c. Payments on account, $35,000. d. Materials purchased on account: Paper, $22,900; indirect materials, $4,900. e. Materials requisitioned and used in production: Balance Debit Credit 22,000 $ Account Title Cash Accounts Receivable Inventories: 185,000 Raw Materials 5,600 Job 120: Paper S 900 Job 121: Paper $ 7.750 Indirect materials, $ 1.400 f. Wages incurred during June, $37,000. Labor time records for the month: Job 120, $3,800; Job 121. $19,200; indirect labor. $14,000 g. Wages paid in June include the balance in the Wages Payable at May 31 plus $34,200 of wages incurred during June. h. Depreciation on plant and equipment, $3,300. i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 50% of direct labor costs. J. Jobs completed during the month: Job 120 with 200,000 Large Stars at a total cost of $46,100. k. Sales on account: all of Job 120 for $120,000. 1. Adjusted for overallocated or underallocated manufacturing overhead. 39,500 21,100 240,000 Work-in-Process Finished Goods Property, Plant, and Equipment Accumulated Depreciation Accounts Payable Wanas Pavabla $ 77,000 130,000 Print Done 1600 Print Done tinue to the next question. ? O A Data Table More Info Raw Materials 5,600 39,500 a. Collections on account, $150,000. b. Selling and administrative expenses incurred and paid, $22,000. c. Payments on account, $35,000 d. Materials purchased on account: Paper, $22,900; indirect materials, 54,900. e. Materials requisitioned and used in production: 21,100 240,000 $ 77,000 130,000 1,600 Work-in-Process Finished Goods Property, Plant, and Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Manufacturing Overhead Selling and Administrative Expenses 145,000 900 $ Job 120: Paper Job 121: Paper, $ 7,750 Indirect materials, $ 1,400 f. Wages incurred during June, $37,000. Labor time records for the month: Job 120, $3,800; Job 121, $19,200; indirect labor, $14,000. g. Wages paid in June include the balance in the Wages Payable at May 31 plus $34,200 of wages incurred during June h. Depreciation on plant and equipment, $3,300. I. Manufacturing overhead allocated at the predetermined overhead allocation rate of 50% of direct labor costs. j. Jobs completed during the month: Job 120 with 200,000 Large Stars at a total cost $46,100. k. Sales on account: all of Job 120 for $120,000. 1. Adjusted for overallocated or underallocated manufacturing overhead. 159,600 0 0 0 0 $ 513,200 $ 513,200 Total Print Done Print Done tinue to the next