Question 5 Not complete Marned out of 7600 P Raquestion Journal Entries Paulson Manufacturing Company uses the perpetual inventory system to account for its manufacturing inventories. The following are Paulsors transactions during July 2016 wys Received a 14.000 from a suppler Theaters was purchased on account Requisitioned $12,000 of material for use in the factory.com song of $10,000 of direct material and $2.000 of indirect materia Recorded the factory Day 527000 of director and 13000 of indirection incurred various overhead cost $30.000. Colt Accounts Payable ed $40.000 of manufacturing overhead to the product Completed producing 552.000 and moved to the ware-ouse 16 goods with a product cost of $5,000 on account for S10000 a. and b. Record the transactions listed above in general journal form post relevant portions to the four T-accounts set-up below, and balance the four accounts. General Journal Date 9 Work in July 11 We July 20 y20 July 23 26 To record cost of goods July 25 To record sale of product For T-accounts, enter transactions in order of occurrence using the first available answer box in the appropriate debitor credit column Materials inventory Finished Goods Inventory Cesto Work in Process inventory 50 000 Check