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Kolm Co. manufactures its products in a continuous process involving two departments, Machining and Assembly. The following transactions are related to production duringjune. PLEASE skip a line between each transaction AND use ONLY account titles listed in the chart of accounts: (3) Materials purchased (on June 1) on account, $180,000. (b) Materials requisitioned by: Machining, $73,000 direct and $9,000 indirect materials; Assembly, $4,900 indirect materials. (c) Direct labor used by Machining, $23,000; Assembly, $47,000. (d) Depreciation expenses: Machining, $4,500; Assembly, $7,800. (e) Factory overhead applied: Machining, $9,700; Assembly, $11,300. (f) Machining Department transferred $98,300 to Assembly Department; Assembly Department transferred $83,400 to nished goods. (g) Sold goods on account, $100,000; cost of goods sold, $68,000. Required: Write journal entries in the template below to record the transactions related to production on June 30. Refer to the Chart of Accounts linked below for exact wording of account titles. (Note: entries fand g have 2 parts - 4 total lines) ASSETS Cash Accounts Receivable Supplies Prepaid Insurance Materials Work in Process-Machining Work in Process-Assembly Factory Overhead-Machining Factory Overhead-Assembly Finished Goods Land Fixed Assets Accumulated Depreciation LIABILITIES Accounts Payable Notes Payable Interest Payable Wages Payable CHART OF ACCOUNTS EQUITY Common Stock Retained Earnings Dividends Income Summary REVENUE Sales EXPENSES Cost of Goods Sold Wages Expense Insurance Expense Utilities Expense Supplies Expense Depreciation Expense Miscellaneous Expense Interest Expense