Openining balance 51,484 , January 3Received a check from Horsfield Happy Ice Cream as partial payment onaccount in the amount of $5,000.00.

January 10Receive a check from Horsfield Happy Ice Cream as partial payment on account in the amount of $5,000.00.

January 28Apply from direct materials requisition $4,600.00 of direct materials. Apply fromindirect materials requisition $950.00 of indirect materials. Apply $8,000.00 (from time cards)of direct labor and factory overhead to Job 76, completing 50% of the job. Factory overheadis based on 25% of direct labor cost. Transfer the partially completed job from DirectMaterial and Indirect Material to WIP. When making the journal entry for applying directlabor, debit WIP for the gross pay and credit FWT Payable and FICA Tax Payable for theappropriate amounts with the net pay going to Salaries Payable. Set up the accountsreceivable and bill Cold Refrigeration for 50% of the contract on account, applying the initial$10,000.00 deposit against the billing.

January 29Received a check from Cold Refrigeration in the amount of $12,900.00 onaccount

Prepare general ledger account receivable.