Paulson Manufacturing Company uses the perpetual inventory system to account for its manufacturing inventories. The following are Paulsons transactions during July 2016: July 5 Received material costing $2,000 from a supplier. The material was purchased on account. 9 Requisitioned $6,000 of material for use in the factory, consisting of $5,000 of direct material and $1,000 of indirect material. 11 Recorded the factory payroll: $13,500 of direct labor and $1,500 of indirect labor. 17 Incurred various overhead costs totaling $14,000. (Credit Accounts Payable.) 20 Applied $20,000 of manufacturing overhead to the products being manufactured. 23 Completed product costing $16,000 and moved it to the warehouse. 26 Sold goods with a product cost of $3,000 on account for $5,000. a. and b. Record the transactions listed above in general journal form, post relevant portions to the four Taccounts set-up below, and balance the four accounts.