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Korok Stationery Ltd. manufactures one special type of A4-size notebooks only. The main direct materials needed is A4 paper. Korok Stationery Ltd. has two job

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Korok Stationery Ltd. manufactures one special type of A4-size notebooks only. The main direct materials needed is A4 paper. Korok Stationery Ltd. has two job orders: Job 001 and Job 002. Korok Stationery Ltd. uses a perpetual system for its inventories and job order system for inventory costing. The following activities took place during the month: a) Purchased materials on credit: A4 Paper, $54390 b) Purchased indirect materials on credit: $8710 c) Materials used in production: Job 001: Paper, $1640 d) Materials used in production: Job 002: Paper, $14230 e) Indirect materials used in production: $2080 f) Paid direct labour incurred: Job 001: $8020 g) Paid direct labour incurred: Job 002: $25700 h) Paid the salaries of the production line management team whose salary amounts to $5200 a month i) Depreciation on plant and equipment totals $16600 1) Manufacturing overhead was allocated at a predetermined rate of 90% of direct labour k) Job completed during the month: Job 001, 69000 A4-size notebooks at a total cost of $55700 0) Credit sales on account: all of Job 001 for $143700 m) Closed the manufacturing overhead account to cost of sales Required: Fill out the journal entries for the activities during the month. Instructions: Instructions: 1. Include only the number in your answer. No comma separators or dollar signs. Otherwise, your answer will be deemed incorrect. Example of an answer: 12345 2. From the drop-down menus, choose the appropriate accounts for all the journal entries (a. to m.) below. 3. If an account is not relevant, that is, should not be debited or credited: please type 0 as your answer. Debit Credit a. b. $ Accounts payable Accounts receivable Accumulated depreciation Cash Cash sales revenue Cost of sales Credit sales revenue Depreciation expense Direct labour cost Direct material cost Finished goods inventory Indirect labour cost Indirect material cost Inventory cost Job001 cost Job002 cost Manufacturing overheads Materials inventory Wages expense Wages payable Work in process inventory C. ii $ d. . $ i. . $ i. . $ > $ k. $ . I. Sales 0) 0 Cost m

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