Raw Materials Inventories on hand were as follows:

Chain ................... 12,000 lb, $24,000

Pulleys ................. 4,000 sets, $20,000

Belts and Taps...... 10,000 lb, $5,000

Steel Plates ......... 4,000 units, $2,000

Transactions during October were as follows:

Payroll recorded during the month: direct labor, $28,000; indirect labor, $3,000.

Factory supplies purchased for cash, $1,000. (Use a separate inventory account, Factory Supplies.)

Materials purchased on account: chain4,000 lb, $8,800; pulleys2,000 sets, $10,200; steel plates5,000 units, $3,000.

Sales on account for the month, $126,375.

Accounts receivable collected, $72,500.

Materials used during October (FIFO costing): chain, 14,000 lb; pulleys, 4,400 sets; bolts and taps, 4,000 lb; steel plates, 3,800 units.

Payroll paid, $31,000.

Factory supplies on hand, October 31, $350.

Factory heat, light, and power costs for October, $3,000 (not yet paid).

Office salaries paid, $6,000.

Advertising paid, $2,000.

Factory superintendence paid, $1,800.

Expired insuranceon office equipment, $100; on factory machinery, $300.

Factory rent paid, $2,000.

Depreciation on office equipment, $400; on office furniture, $180; on machinery, $1,200.

Factory overhead charged to jobs, $11,950.

Work in Process, October 31, $31,000.

Cost of goods sold during the month, $84,250.

Accounts payable paid, $33,750.

1. Prepare Journal entries to record each of the transactions A-S.