Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $84,000. b. Direct materials used in production, $38,000. Indirect materials used in production, $13,500. c. Paid cash for factory payroll, $45,000. Of this total, $31,000 is for direct labor and $14,000 is for indirect labor. d. Paid cash for other actual overhead costs, $7,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $58,500. g1. Jobs that had a cost of $58,500 were sold. g2. Sold jobs on account for $84,000. View transaction list Journal entry worksheet 1 23456789 Record raw materials purchased on account. Note: Enter debits before credits. Transaction a. General Journal Debit Credit >