Ravsten Company uses a job$-$order costing system. On January $1,$ the beginning of the current year, the company$$s inventory balances were as follows:

Raw materials $ $16,700$

Work in process $ $10,700$

Finished goods $ $31,400$

The company applies overhead cost to jobs on the basis of machine$-$hours. For the current year, the company estimated that it would work $36,000$ machine$-$hours and incur $$155,520$ in manufacturing overhead cost. The following transactions were recorded for the year:

Raw materials were purchased on account: $$203,500.$

Raw materials were requisitioned for use in production: $$193,500(80\%$ direct and $20\%$ indirect$).$

The following costs were incurred for employee services:

Direct labour $ $163,500$

Indirect labour $ $27,700$

Sales commissions $ $36,700$

Administrative salaries $ $81,400$

Heat, power, and water costs were incurred in the factory: $$42,700.$

Prepaid insurance expired during the year: $$10,700(90\%$ relates to factory operations, and $10\%$ relates to selling and administrative activities$).$

Advertising costs were incurred, $$50,700.$

Depreciation was recorded for the year: $$60,700(85\%$ relates to factory operations, and $15\%$ relates to selling and administrative activities$).$

Manufacturing overhead cost was applied to production. The company recorded $40,000$ machine$-$hours for the year.

Goods that cost $$488,400$ to manufacture according to their job cost sheets were transferred to the finished goods warehouse.

Sales for the year totalled $$724,500$ and were all on account. The total cost to manufacture these goods according to their job cost sheets was $$482,000.$

Required:

$1.$ Prepare journal entries to record the transactions given above. $($Do not round intermediate calculations. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$