Oral is a joiner that specialises is making custom furniture for his clients. He allocates manufacturing overhead based 90% of direct labour costs. During January 2015 Oral recorded the following transactions:

1. Purchased materials on account, $40,000
2. Paid advertising expense, 20,000
3. The production department requisitioned $43,000 worth of direct materials and $15,000 worth of indirect materials
4. Incurred $50,000 of manufacturing wages, 75% of which was direct labour with the remainder considered wages for indirect labour
5. Paid utilities expenses for the factory, $7,000
6. Allocated manufacturing overhead for January 2015
7. Cost of completed furniture, $80,000
8. Sold furniture for $200,000 on account. The cost of the furniture sold was $105,000
9. Adjusted manufacturing overhead for the over-allocated or under-allocated overhead cost.

Requirement: Journalize Orals transactions for the month of January 2015.