Problem 2 Prepare Jounal Entries Jones Company recorded the following transactions for the just-completed month. a. $45,000 in raw materials were purchased on account. b. $125,000 in raw materials were requisitioned for use in production. Of this amount $70,000 was for direct materials and the remainder was for indirect materials. c. Total labour wages of $212,000 were in Of this amount, $183,000 was for direct labour and the remainder was for mdirect labour d. Additional manufacturing overhead costs of $189,000 were incurred. Required: Record the above transactions in journal entries