$$PLEASE FORMAT AS SHOWN IN T ACCOUNTS $!$ THANK YOU $!!$ journal entries to the T$-$accounts using the transaction letters as a reference.

zero balance, enter a $"0"$ along with a "Bal." reference on the normal side of the T$-$account.$)$

Review the journal entries you prepared in Requirement $1.$

Finished Goods Inventory

Accounts Payable

Retained Earnings

Manufacturing Overhead

Raw Materials Inventory

Property, Plant, and Equipment

Wages Payable

Sales Revenue

Selling and Admin. Expenses the T$-$account.$)$

Job $120$

Job $121$

Post the transactions to the Finished Goods Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and calculate the ending balance "Bal." of each account.T$-$accounts for the general$$ ledger, the Raw Materials Inventory subsidiary$$ ledger, the$$ Work$-$in$-$Process Inventory subsidiary$$ ledger, and the Finished Goods Inventory subsidiary ledger have been opened for you along with each$$ account's balance as given. Post the journal entries to the$$ T$-$accounts using the transaction letters as a reference. More info

a$.$ Collections on account, $$150,000.$

b$.$ Selling and administrative expenses incurred and paid, $$30,000.$

c$.$ Payments on account, $$41,000.$

d$.$ Materials purchased on account: Paper, $$23,300$; indirect materials, $$4,900.$

e$.$ Materials requisitioned and used in production:

f$.$ Wages incurred during June, $$41,000.$ Labor time records for the month: Job $120,$$$3,800$; Job $121,$ $$16,600$;

indirect labor, $$20,600.$

g$.$ Wages paid in June include the balance in the Wages Payable at May $31$ plus $$38,000$ of wages incurred during

June.

h$.$ Depreciation on plant and equipment, $$3,000.$

i$.$ Manufacturing overhead allocated at the predetermined overhead allocation rate of $50\%$ of direct labor costs.

j$.$ Jobs completed during the month: Job $120$ with $600,000$ Large Stars at a total cost of $$47,250.$

k$.$ Sales on account: all of Job $120$ for $$130,000.$

I. Adjusted for overallocated or underallocated manufacturing overhead.

Raw Materials Inventory subsidiary ledger: Paper, $$4,300$; indirect materials, $$1,400$

Work$-$in$-$Process Inventory subsidiary ledger: Job $120,$ $$40,750$; Job $121,$ $$0$

Finished Goods Inventory subsidiary ledger: Large Stars, $$8,900$; Small Stars, $$13,900$

ach transaction by transaction letter, and calculate the ending balance "Bal." of each account.

Begin with posting the transactions to the general ledger accounts. Key each transaction by transaction$$ letter, and calculate the ending balance of each account. $($Post each entry by entering only one debit or credit to each$$ T$-$accoun