Present entries in general journal form to record the following summarized operations related to production for The John Kinky Toy Company. Please use the following chart of accounts for questions 31 to 41: 10 Cash 20 Accounts Payable 11 Accounts Receivable 21 Wages Payable 12 Materials 22 Plant Taxes Payable 13 Work in Process 30 Common Stock 14 Prepaid Factory Insurance 35 Retained Earnings 15 Finished Goods Inventory 40 Sales 16 Plant 50 Cost of Goods Sold 17 Accumulated Depreciation 70 Factory Overhead it is very important that you use the above accounts. Do not use commas or dollar signs ($) in your answer. Direct materials requisitioned for production. $50.000. Date QUESTION 32 Direct labor incurred for January, $55,000. Date Debit Credit $50,000 $50,000 Debit Credit QUESTION 33 Raw materials purchased on account, $60.000. Date Debit Credit QUESTION 34 Other factory overhead costs included the following: factory depreciation, $10,000: factory taxes payable. $12.000: and factory insurance expired, $9.000. (One debit) Date Debit Credit $10,000 $12,000 59,000 QUESTION 35 Indirect labor costs incurred, $3,000, Date QUESTION 36 Paid for the raw materials purchased in (1). Date QUESTION 37 The wages accrued in (3) and (5) were paid. Datel Debit S Credit Credit Debit Debit S Credit $ QUESTION 38 Overhead was applied to production using the following predetermined rate: 60% of direct labor cost Date QUESTION 39 Debit Credit $ Finished products completed during the month, $80,000. Date Debit Credit $ QUESTION 40 Sales to customers on account: retail, $90,000: cost. $60,000 Date Debit Credit $90,000 $90,000 $60,000 $60.000 S 5 QUESTION 41 Assume the Factory Overhead Account has a debit balance of $1,000. Close the balance in the factory overhead account without using any allocation method. (Will count for bonus points if correct, otherwise no points off!) Date Debit $ Credit