Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $92,000. b. Direct materials used in production, $40,000. Indirect materials used in production, $25,000. c. Paid cash for factory payroll, $65,000. Of this total, $45,000 is for direct labor and $20,000 is for indirect labor. d. Paid cash for other actual overhead costs, $7,750. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $69,000. g1. Jobs that had a cost of $69,000 were sold. g2. Sold jobs on account for $98,000. View transaction list Journal entry worksheet Record raw materials purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a