lournalizing Materials Transactions Sydney Cycles Corp, uses a job order cost system. A partial list of the accounts being maintained by the company, with their balances as of September 1, follows $64,250 23,500 31,000 29,000 none Materials Factory overhead.... Required: 1. Prepare general journal entries for each of the transactions. If an amount box does not require an The following transactions were completed during September: entry, leave it blank or enter "0. Hide a. Materials purchases on account during the month, $58,000. b. Materials requisitioned during the month: 1. Direct materials, $45,000. 2. Indirect materials, $8,000. Hide c. Direct materials returned by factory to storeroom during the month, $900. d. Materials returned to vendors during the month prior to payment, $1,500. Hide e. Payments to vendors during the month, $51,500. 2. Post the general journal entries to T-accounts Cash Accounts Payable Materials Bal Select Select Bal. Bal. Select Select Select I s Select Select Select Factory Overhead Work in Process Select Bal Select Select the accounts and report the balances of September 30 for the following: Cash Materials Accounts payable