Prepare summary journal entries to record the following transactions for a company in its first month of operations

WA E- Www Check my Www Prepare summary journal entries to record the following transactions for a company in its first month of operations. This page ware Si 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 indirec 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. 9. Sold jobs on account for $84,000. The jobs had a cost of $58,500. View transaction list Journal entry worksheet 23 Record raw materials purchased on account Note: i debats before credits Transaction General Journal Debit Credit View de Record entry Journal entry worksheet Record the entry to assign costs of direct materials used. Note: Enter debits before credits General Journal D ebit Credit Transaction b(1). Record entry Clear entry View general lournal transaction list Tournal entry worksheet Journal entry worksheet Journal entry worksheet