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Lonyx Telecommunications produces components for the telecommunication systems. Initially the company manufactured the parts for its own networks, but it gradually began selling them to other companies as well. a. b. c. d. e. f. Collections on account, $149,000. Marketing and general expenses incurred and paid, $25,000. Paid $38,000 on account. Materials purchases on credit, glass substrate of $24,500; indirect materials, $5,600 Materials used in production (requisitioned): 1. Job 120, glass substrate, $750 2. Job 121, glass substrate, $7,800 3. Indirect Materials, $3,000 Manufacturing wages incurred during April, $38,000 of which $36,000 was paid. Labor time records for the month: Job 120, $4,000; Job 121, $18,000; indirect labor, $16,000. Depreciation on plant and equipment (debit overhead) $2,400. Manufacturing overhead was allocated at the predetermined rate of 80% of direct labor dollars. Jobs completed during the month; Job 120. Credit Sales on account: Job 120 for $10,000. Closed the manufacturing overhead account to Cost of Goods Sold. CO h. i. j. k. 1. Prepare journal entries for the above transactions