PLEASE ONLY ANSWER YOU KNOW THE CORRECT ANSWER, IF YOUR ANSWER IS IRRELEVANT OR INCORRECT, I WILL REPORT IT TO CHEGG.

I WILL LEAVE A THUMB UP IF YOU HAVE THE CORRECT ANSWER

2. Prepare T-accounts for inventories, Manufacturing Overhead, and Cost of Goods Sold. Post relevant data from your joumal entries to these T-accounts (don't forget to enter the opening balances in your inventory accounts). Compute an ending balance in each account. 4. Prepare on income statement for the year. (Do not round intermediate calculations and round your final answers to nearest whole dollar amount.) Journal entry worksheet Heat, power, and water costs were incurred in the factory: $43,900. Note: Enter debits before credits. Journal entry worksheet Prepaid insurance expired during the year: $11,900 ( 90% relates to factory operations, and 10% relates to selling and administrative activities). Note: Enter debits before credits. d. Heat, power, and water costs were incurred in the factory. $43,900. e. Prepaid insurance expired during the year: $11,900(90% relates to factory operations, and 10% relates to selling and administrative activities). f. Advertising costs were incurred, $51,900. 9. Depreciation was recorded for the year. $61,900 ( 85% relates to factory operations, and 15% relates to selling and administrative activities). h. Manufacturing overhead cost was applied to production. The company recorded 40,000 machine-hours for the year. i. Goods that cost $502,800 to manufacture according to their job cost sheets were transferred to the finished goods warehouse. j. Sales for the year totalled $766,500 and were all on occount. The total cost to manufacture these goods according to their job cost sheets was $494,000. Required: 1. Prepare journal entries to record the transactions given above. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Manufacturing overhead cost was applied to production. The company recorded 40,000 machine-hours for the year. Note: Enter debits before credits. Journal entry worksheet 1456789 The total cost to manufacture these goods according to their job cost sheets was $494,000. Note: Enter debits before credits. Journal entry worksheet Goods that cost $502,800 to manufacture according to their job cost sheets were transferred to the finished goods warehouse. Note: Enter debits before credits. Journal entry worksheet 567 Record the costs that were incurred for employee services. Note: Enter debits before credits. Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows: The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 36,000 machine-hours and incur $159,840 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were purchased on account: $209,500 b. Row materials were requisitioned for use in production: $199,500 ( 80% direct and 20% indirect). c. The following costs were incurred for employee services: Journal entry worksheet \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline