LE !1 T. 23 4.15 5 Questions 21 thru 27: A Company had these transactions during its first month of operations. Please journalize these transactions on the following page: 21: Purchased raw materials on account, $85,000. 22: Raw materials of $40,000 were requisitioned from the warehouse. The materials requisition slips indicate that $7,000 was classified as indirect materials and the rest was direct materials. 23: Used up prepaid insurance on the factory, 52,700. 24: Time tickets indicated that $96,000 was direct labor and $19,000 was indirect labor. 25: Overhead costs incurred on account were $112,000. 26: Manufacturing overhead was applied at the rate of 150% of direct labor cost. 27: Goods in the amount of $129,000 were completed but not sold. Please journalize (i.e. show name of the accounts to be debited and credited the amounts) these transactions below and on the next page Page 6