pter 3: Homework Saved Help Save & E Che Exercise 3-5 Journal Entries and T-accounts [LO3-1, LO3-2] The Polaris Company uses a job-order costing system. The following transactions occurred in October a. Raw materials purchased on account, $210,000 b. Raw materials used in production, $189,000 ($151,200 direct materials and $37,800 indirect materials) c. Accrued direct labor cost of $49,000 and indirect labor cost of $22,000. d. Depreciation recorded on factory equipment, $105,000. e. Other manufacturing overhead costs accrued during October, $129,000 t The company applies manufacturing overhead cost to production using a predetermined rate of $9 per machine-hour A total of Book 76,200 machine-hours were used in October g. Jobs costing $511,000 according to their job cost sheets were completed during October and transferred to Finished Goods h Jobs that had cost S45o 0oo to complete according to their job cost sheets were shipped to customers during the month. These rint jobs were sold on account at 38% above cost. Required 1 Prepare journal entries to record the transactions given above 2. Prepare Taccounts for Manufacturing Overhead and Work in Proces s Post the relevant transactions from above to each account Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $36.000 Complete this question by entering your answers in the tabs below. Required 3 Required 2 Prepare journal entries to record the transactions given above, (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Prev3 of 3 omework Saved Help Save & Required 1 Required 2 Prepare journal entries to record the transactions given above. (tf no entry is required for a transaction/event, select "No jounal entry required" in the first account field.) View transaction list Journal entry worksheet Raw materials purchased on account, $210,000 Note: Enter debits before credits. Debit Credit ransaction General Journal View general journal Record entry Clear entry