Maxwell Inc uses a job-order cost accounting system and keeps perpetual inventory records. Prepare journal entries to record the following transactions during the month of July (17 marks)

July 2 to 21 (10 marks) and July 26 to 30 (7 marks)

July 2	Purchased raw materials for $23,000 on account
4	Purchased office supplies for $750 cash
9	Raw materials requisitioned into production: direct materials $12,300; indirect materials $1,760
14	Paid factory utilities of $3,100 cash and paid cash of $3,600 for repairs to factory equipment
15	Received property tax bill of $9,850 that will be paid next month. 10% of the property tax relates to the office area and the rest relates to the factory.
21	Incurred $52,500 of factory labour
26	Time tickets indicated the following: direct labour of $40,500 (2,700 hrs x $15 per hr); and indirect labour of $12,000 (960 hrs x $12.50 per hr)
28	Applied manufacturing overhead to production based on a predetermined overhead rate of $7.50 per direct labour hour worked
28	Goods costing $63,000 were completed and transferred to finished goods
30	Goods costing $62,000 were sold for $75,000 on account